Classification of Profit from IPO

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..... Dear All, Pls let me know , can we classify the IPO income as business income, if yes under which section Rgds - Reply By DEV KUMAR KOTHARI - The Reply = In case IPO is an adventure in nature of tr .....

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..... ade, the income will be business income. If it is adventure in nature of commerce, then income will fall under two heads 'business' - recurring income/ expenses and 'capital gains' - on transfer of .....

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..... capital assets.. - Classification of Profit from IPO - Query Started By: - viral shah Dated:- 27-11-2010 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post .....

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..... by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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