Taxability of Share Market Transactions

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Income from capital market <strong>Share</strong>s Business Investment Trading Speculation Capital gains Taxable at normal rates Section 43(5) Short / long term STT u/s 88E STT u/s 88E Exemptions / tax rates Treatment <strong>of</strong> loss
Statutory provisions • Business • F&O • STT • Dividend • Expenditure for earning dividend
Page 1: Taxability of Capital Market transa
Page 5 and 6: Effect of Section 88E • Scheme be
Page 7 and 8: Speculative transactions • Sectio
Page 9 and 10: Speculative transactions Proviso (d
Page 11 and 12: Speculation business • Explanatio
Page 13 and 14: Explanation to section 73 Implicati
Page 15 and 16: Long term capital asset • Held fo
Page 17 and 18: Equity shares Section 10(38) • Lo
Page 19 and 20: Rate of tax on LTCG Section 112 •
Page 21 and 22: Cost of acquisition of shares Secti
Page 23 and 24: Loss in dividend stripping transact
Page 25 and 26: Implication • 1000 Shares purchas
Page 27 and 28: Capital Gains/ Business Income Suni
Page 29 and 30: Capital Asset Capital asset means p
Page 31 and 32: Authority for Advanced Rulings •
Page 33 and 34: Judicial precedents • Raja Bahadu
Page 35 and 36: Draft Instructions dt 16/5/2006 •
Page 37: Final outcome • Circular does not
Page 40: Transfer • Conversion of preferen

Taxability of Share Market Transactions

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