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Income Tax - Highlights / Catch Notes

Home Highlights August 2017 Year 2017 This

Assessment of Business loss in Share trading as capital gains - ...


Share Trading Profits Classified as Business Income, Allowing Set-Off Against Previous Business Losses.

August 22, 2017

Case Laws     Income Tax     AT

Assessment of Business loss in Share trading as capital gains - set off of Brought forward business losses - assessee is engaged in the business of share trading and resultant Profit or loss required to be assessed as a business income but not as capital gains - set off allowed.

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