What is the difference between JOBBING & SHORT-TERM profit and loss?
Jobbing is like the buying and selling of shares or securities, especially on a small scale, with the intention of generating quick profit. Buying or selling of security and then immediately buying it back or selling it back for a quick profit.
Example: In the case of intra-day trading in shares, there is no actual delivery as the shares enter and exit from the trading account on the same date, and it does not enter the DEMAT account at all. Intra-day trading is the trading of shares within the same day. Generally, the delivery is not taken in the case of intra-day trading.
Thus, they are called speculative transactions. Therefore, based on the definition, it can be inferred that intra-day trading income is speculative income.
Short-term Profit/loss: Shares that are listed on a recognized stock exchange and have been held for less than 12 months are treated as short-term capital. The proceeds earned through them are treated as short-term capital gains and are liable for taxation.
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