Comment on Classifying Your Market Activity

K.Venkateswarlu commented on 18 Jun 2016, 03:40 PM

Hi Nithin,

Following is what is written in red in the beginning of the chapter:
“It now says that an individual can decide on his own to either show his stock investments as capital gains or as a business income (trading) irrespective of the period of holding the listed shares and securities. Whatever is the stance once taken, the taxpayer will have to continue with the same in the subsequent years”.

Does this mean that the individual can decide to show gains from frequent(say twice a week) high volume stock trading as capital gain and maintain that stand in the future?

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