Question

study of profit on sale of shares​

Answer 1

Answer:

Profits arising from the sale of equity shares can be taxed as capital gains or business income, depending on various factors (eg, the taxpayer's intention to invest in the shares, the frequency and volume of purchase and sales transactions undertaken by the taxpayer and the treatment of shares in the taxpayer's books of accounts).

While the classification of gains arising from a sale of shares has previously been litigated, the Bombay High Court recently dealt with the issue of whether gains arising from such sale by a private trust would be taxable as capital gains or business income. After considering various aspects, the court held that such income is taxable as capital gains and not as business income.

Answer 2

share marketing........