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Classification of income - share trading - The majority of the investments has been funded out of own capital and earned substantial dividend income, further the average holding period is more than 100 days and the long-term gains earned on similar activity has been accepted by the revenue as Capital Gains only - latest CBDT Circular No.6/2016, directs AO not to disturb the stand taken by assessee provided the same is applied consistently - STCG

Income Tax
10-6-2019

Classification of income - share trading - The majority of the investments has been funded out of own capital and earned substantial dividend income, further the average holding period is more than 100 days and the long-term gains earned on similar activity has been accepted by the revenue as Capital Gains only - latest CBDT Circular No.6/2016, directs AO not to disturb the stand taken by assessee provided the same is applied consistently - STCG

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