Comment on Taxation for Traders - Introduction

Prakash Pithava commented on 07 Jan 2016, 05:44 PM

Hello Nitinji,

I have question

I am a regular tax payer, i have a 10-12 items which was purchased before 1 year , Now if i trade regularly in one item frequently , the gain or loss from that item would we business income, or my whole income treated as business income, if i should file business return.

one of my friend told me that if i trade frequently in one item than gain from the script will be business income and you have to pay tax on it as a business income .

please clarify sir.

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