Nature of receipt of Premium on transfer of Market Linked Focus ...

Income Tax

July 23, 2016

Nature of receipt of Premium on transfer of Market Linked Focus Product Scheme scrips - revenue or capital receipt - the incentive given by the Government to the assessee for exploring the new market is a capital receipt, hence it cannot be treated as income either u/s 2(24) or 28 of the Act. - AT

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Nature of receipt of Premium on transfer of Market Linked Focus ...

Income Tax

July 23, 2016

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