Comment on Classifying Your Market Activity

Deepika commented on 05 Dec 2015, 02:32 PM

Nithin,
Thanks for the detailed explanations. I am house wife. My husband given 10lacs rupees to do investment in stock market. And I am doing stock investment actively ( so frequently buying/selling every month). Shall I show the profit as non speculative business income?. Whether I have to show the initial source of money 10lacs also income?. My husband already paid tax for this money.And in the article you mentioned about Audit, what kind of audit I have to maintain. Currently I didn’t have any such practice. Please guide me on this

Regards,
Deepika

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