Taxation on profits from Share Trading

Forums Income Tax Discussion Taxation on profits from Share Trading

Viewing 1 post (of 1 total)
  • Author
    Posts
  • #1438
    Jignesh DesaiJignesh Desai

    <div>In share trading , in case most or all of the trades of an individual are short-term 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 such trades as “Business Income” ?</div>
    <div></div>
    <div>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 profit earned from such trades as “Capital Gains” in his Income Tax returns ?</div>
    <div></div>
    <div>Also , how would the income tax authorities deem such such profits as (meaning Capital Gains or Business Income ) , 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) ?</div>
    <div></div>
    <div>Also , how would the profits be taxed in case they were earned from trading in unlisted shares ?

    </div>

Viewing 1 post (of 1 total)
  • You must be logged in to reply to this topic.