Comment on Classifying Your Market Activity

K.Venkateswarlu commented on 16 Jun 2016, 09:59 PM

The CBDT circular (2 Mar 2016) shows the following:
“Where the assessee itself, irrespective of the period of holding the listed shares and
securities, opts to treat them as stock-in-trade, the income arising from transfer of
such shares/securities would be treated as its business income”.

I understand that the assesse has the option of treading the income as business income but it doesn’t give the choice to the assesse to treat it as Capital gains. Is my understanding correct?

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