Question ID : 1821

Nature of Income & Taxability

There is come or (of an dividual- saried employee) from jobbg (without delivery)of shares the Stock Exchange Market ( not a derivative or future transaction). Now the quion is whether it is a busess come or short term capital ga liable to 10% come tax. If it is short term capital ga, then please mention the relevant w on the basis which jobbg shares without delivery deemed as Transfer of capital asset, wich is necessary to cover any come under the Capital Ga.

V.K Ja '

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