Is long term capital gains in shares taxable if i am trader

[sshares]

Hi,
If I come under trader category (not investor), then will my share trading long term (shares sold after 1 year) will attract income tax or it is expemted in all the cases?

regards,

 

[Smart_trade]

Hi,
If I come under trader category (not investor), then will my share trading long term (shares sold after 1 year) will attract income tax or it is expemted in all the cases?

regards,

Keep investment shares in different demat account and do not disturb then for atleast 1 year. Investment and trading scrips should be different. A trader can invest and no law prohibits trader from investing but keep trading and investment at arm's length and clearly identifiable...then you can claim exumption on LT capital gains made on shares .In you IT return you can declare investments and trading scrips separately.

Smart_trade

 

[sshares]

Is there any CA in bangalore who can take care of my accounting and filling returns?