Nature of income - profit earn on sale of shares - STCG or ...

Income Tax

April 22, 2019

Nature of income - profit earn on sale of shares - STCG or Business Income - in the earlier assessment years the assessee had consistently shown the receipts of sale of share as capital gain which the revenue had also accepted - AO desired to tax income as business income in the current year, in view of the change in tax rates, which was same in the earlier years - held as STCG - no question of law arises

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Nature of income - profit earn on sale of shares - STCG or ...

Income Tax

April 22, 2019

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