Dear friends,
Reading aca_traders previous posts I read that income from intraday trades (not position trades) and derivative trades is considered business income and taxed accordingly, as I was under the impression it was to be taxed as capital gains Could anyone please tell me where this is mentioned in the IT act as in which section?
Reading aca_traders previous posts I read that income from intraday trades (not position trades) and derivative trades is considered business income and taxed accordingly, as I was under the impression it was to be taxed as capital gains Could anyone please tell me where this is mentioned in the IT act as in which section?
