TMI BlogProfit on sale of shares as LTCG instead of STCG – donation is to be construed as a form of gift - Since...Profit on sale of shares as LTCG instead of STCG – donation is to be construed as a form of gift - Since the shares constitute a capital asset, it is but natural that on their transfer, the provisions of section 49(1) would be attracted - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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