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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

Gains arising from transfer of shares held for a period of less ...


Profits from Short-Term Share Transfers Classified as Business Income Due to Substantial Volume and Value.

March 22, 2019

Case Laws     Income Tax     HC

Gains arising from transfer of shares held for a period of less than 30 days - buying and selling shares of sizable volume and value - busniss income or capital gain - in totality of the facts and circumstances assessee was not purely an investor in shares - taxable as business income.

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