Comment on Classifying Your Market Activity

Nithin Kamath commented on 27 Jul 2017, 12:36 PM

If you are declaring trading as a business, you can’t suddenly tomorrow decide to change it as capital gains. If it is investment you show separately under capital gain. If it is business income, you show the way you are. You can MTM all your equity trades based on March 31st closing price. you can start the next year with closing march 31st price. If capital gains, you show it under capital gain right from the start.

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