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Income Tax - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

Gain from sale of shares - STCG or business income - CBDT ...

Income Tax

July 26, 2019

Gain from sale of shares - STCG or business income - CBDT Circular No.6/2016 - it is not the case of the AO that the assessee was churning the shares, buying and selling the same shares again and again - There is no quarrel that the assessee has purchased the shares out of its own fund and all the transactions were delivery based transactions of listed companies routed through D-mat Account - STCG

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