Tax on Income from Share Market Trading and Investing | Taxation on Shares and Securities - Part 1
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Listed Shares
Unlisted Shares
Taxation on Mutual Fund
Debt Oriented
Equity Oriented
Bonds & Debentures
Listed
Unlisted
Zero Coupon
•If the taxpayer himself opts to treat his listed shares as stock-in-trade, the income shall be treated as business income. Irrespective of the period of holding of listed shares. The AO shall accept this stand chosen by the taxpayer.
•If the taxpayer opts to treat the income as capital gains, the AO shall not put it to dispute. This is applicable for listed shares held for more than 12 months.
However, this stand, once taken by a taxpayer in a particular assessment year, shall also be applicable in subsequent assessment years. And the taxpayer will not be allowed to take a different stand in subsequent years.
So before filing income tax returns, you will have to first classify yourself as an investor, trader, or both.
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