Taxation on Share Trading
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....axation on Share Trading<br> Query (Issue) Started By: - Jignesh Desai Dated:- 21-11-2020 Income Tax<br>Income Tax<br>In share trading , in case most or all of the trades of an individual are short-te....
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....rm in nature (meaning the shares were sold before completion of one year after purchase) , after the threshold of what amount of turnover , can the income tax authorities deem the profit earned from s....
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....uch trades as "Business Income" ? Or , is it that , because the individual has traded in his own assets (shares) only , irrespective of whatever turnover he does , he can always show the pr....
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....ofit earned from such trades as "Capital Gains" in his Income Tax returns ? Also , how would the income tax authorities deem such such profits as (meaning Capital Gains or Business Income )....
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.... , based on size of turnover , in case most or all of the trades are long term in nature (meaning the shares have been sold after having been held for a period of more than one year) ? Also, how woul....
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....d the profits be taxed in case they were earned from trading in unlisted shares ?<br> Discussion Forum - Knowledge Sharing ....
TaxTMI