Can capital gains on stocks be shown as business income to avoid tax if total income is under ₹12 lakh?
Published on: April 25, 2026, 8:12 p.m. | Source: Livemint
Reclassifying trading profits as business income may lower tax liabilities for some investors. This classification depends on factors such as trading frequency and intent. Taxpayers must consistently apply their chosen classification to avoid disputes with the Income Tax Department during audits.
