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What is the difference between JOBBING & SHORT TERM profit and loss?
Jobbing refers to the buying and selling of shares or securities on a small scale with the intention of making a quick profit. This involves buying or selling a security and then immediately buying it back or selling it for a quick profit. For example, in intra-day trading, shares enter and exit the trading account on the same day and do not enter the DEMAT account. Since intra-day trading generally doesn’t involve actual delivery, it is considered a speculative transaction. Thus, the income from intra-day trading is classified as speculative income.
Short-term Profit/Loss: Shares that are listed on a recognized stock exchange and held for less than 12 months are treated as short-term capital assets. The profits earned from selling them are treated as short-term capital gains and are subject to taxation.
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