alleryStart learning →If securities trading is the main business, gains are taxed as what?
ABusiness income at regular rate
BShort-term gain at 15 percent
CLong-term gain at 10 percent
DIncome from other sources
Answer & Solution
Correct answer: A. Business income at regular rate
Where trading is the main business, results are business income taxed at the regular rate.
Keep practising Capital Gains
Browse all Capital Gains questions for CA Inter, or explore more Taxation topics.
Related questions
A capital loss arises when the purchase price is what versus the sale price?Capital gain is generally computed by subtracting what from the sale price?Which is the correct list of the five heads of income?How many sections does the Income-tax Act, 2025 contain?From what date did the Income-tax Act, 2025 replace the 1961 Act?Which of these bonds is excluded from capital assets?Which personal-use movable property still counts as a capital asset?Which item is excluded from the definition of a capital asset?