Redemption of units of mutual funds - capital gain or business income - the intention for purchase of...

Redemption of units of mutual funds - capital gain or business income - the intention for purchase of mutual funds was only for the purpose of investment and held for benefits accruing thereon - Though the mutual funds are for a period less than 12 months, redemption of units of mutual funds is to be taxed as capital gains and not as business. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X