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Income Tax - Highlights / Catch Notes

Home Highlights October 2013 Year 2013 This

Business income or capital gain - Sale of Sales Tax Exemption ...

Income Tax

October 17, 2013

Business income or capital gain - Sale of Sales Tax Exemption Entitlement - there is no dispute that the subsidies granted are revenue receipts and have been granted after setting up of the new industries and after commencement of production. - AT

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  8. Income earned profit on sale of mutual funds - capital gain OR business income - Holding period of the assessee is minimum of 72 days and maximum of 186 days - profit of...

  9. Correct head of income - income arising on sale of shares held as capital asset after conversion from stock in trade - business income or capital gains - Tribunal erred...

  10. Correct head of income - Profit or loss derived from sale of land - Assessee has computed profit or loss derived from sale of land under the head ‘capital gains’ to...

  11. Correct head of income - treatment of income from sale and purchase of shares - business income or income from capital gains - high volume of transactions and frequently...

  12. Classification of head of Income – adventure in the nature of trade or sale of capital asset - sale of property after getting the flats constructed - taxable as capital...

  13. Sale of shops/flats - Capital gain v/s business income - There was no intention of the assessee to enter into real estate business. The assessee has also shown sale...

  14. Income from the sale of the property - capital gains or business income - the quantum or number of investments i.e. whether the assessee invested in a single property or...

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