Income Classification Depends on True Nature, Not Book Entries, for Business Income vs. Capital Gains Assessment.

Computation of income - under the head business income OR capital gains - entries in the books or classification of a particular item in the annual accounts does not determine the character of income or asset - HC .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X