Is frequent selling of mutual funds classified as business income?

Taxation
1

As per various cbdt circulars, frequent selling of shares means that the profit is classified as business income. Whether the same applies to mutual funds too? Suppose I am frequently buying and selling mutual funds(every 3 months) will it be taxed at 15 percent profit or as business income?

2 Likes
2

Hey @Kishan_Kumar1,

Yes, in that case, you can report the same as business income and it will be then taxed as per slab rate.

3

Please read : Frequent stock trading may mean your gains are treated as business income | Mint