Correct head of income - Income from capital gains or business ...

Income Tax

September 16, 2019

Correct head of income - Income from capital gains or business income - the business activity of the assessee is trading in shares, there can be a presumption that the amount claimed was derived through trade; in such case, the assessee has to establish that the impugned amount was indeed invested and the proceeds of sales were of a capital asset. - AT

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Correct head of income - Income from capital gains or business ...

Income Tax

September 16, 2019

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