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Income Tax - Highlights / Catch Notes

Home Highlights April 2016 Year 2016 This

Transaction in shares/mutual fund by engaging PMS - receipt ...

Income Tax

April 1, 2016

Transaction in shares/mutual fund by engaging PMS - receipt from sale of shares after conversion from stock in trade to investment has to be held as capital gain in absence of provision like sec. 45(2) - AT

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  9. TDS u/s 194H - The services rendered for sale of mutual fund units cannot be covered by the scope of Section 194 H. - AT

  10. Participation of Mutual Funds in Commodity Derivatives Market in India

 

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