Comment on Classifying Your Market Activity

Unni commented on 21 Mar 2016, 08:16 PM

Hi Nithin,

I have a very basic question. I wish to classify myself as both trader and investor. I will show all my F&O and intraday activities as Business income and all equity deliveries as Long/Short term Capital Gains. Is this OK to follow this pattern?

Secondly, If I follow the above approach, how can I divide the cumulative expense shown in “Tax P&L” report between Long Term capital gains, Short term capital gains and Business income?

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