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Income Tax - Highlights / Catch Notes

Home Highlights January 2013 Year 2013 This

Capital gain or business income - it is possible for a tax payer ...


Taxpayers Can Maintain Separate Investment and Trading Portfolios Affecting Capital Gain or Business Income Classification.

January 15, 2013

Case Laws     Income Tax     HC

Capital gain or business income - it is possible for a tax payer to have two portfolios i.e. an investment portfolio comprising of securities which are to be treated as capital assets and a trading portfolio comprising of stock in trade which are to be treated as trading assets. - HC

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