TMI BlogBusiness profit vs STCGX X X X Extracts X X X X X X X X Extracts X X X X ..... Whether a professional person like CA,CS, CWA, doctor, engineer, advocate etc. or a director, company executive can be considered as a 'share trader' instead of 'investor', merely becasue his volume o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f transactions in sahres, units is high and some time borrowed money is also used. Whether it will be proper for the A.O. to treat transactions in shares and units resulting in business profit and not ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... STCG? In my view such view will be patently wrong because such persons are not known as trader of shares or units by the persons who know to him in commercial world, furthermore, nvestmetn is a comme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rcial adventure and not a trading venture. Shares are capital assets of commercial venture and not stock-in-trade of adventure in nature of trade. - Reply By Surender Gupta - The Reply = Not only th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e department but assessee also is in dilemma while deciding the issues related to taxability of the transaction in shares. Our legislatures must come out with reasonable solutions to address this issu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e and to mitigate the litigation. - Business profit vs STCG - Query Started By: - DEV KUMAR KOTHARI Dated:- 28-12-2008 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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