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Income Tax - Highlights / Catch Notes

Home Highlights January 2024 Year 2024 This

Correct head of income - the nature of gains from mutual fund ...

Income Tax

January 17, 2024

Correct head of income - the nature of gains from mutual fund redemptions - these gains were capital gains, not business income - no substantial question of law arises - HC

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  2. Redemption of units of mutual funds - capital gain or business income - the intention for purchase of mutual funds was only for the purpose of investment and held for...

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