profit on sale of shares

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..... The assessee is engaged in sale/purchase of Land/property. During the year it has made investment in shares, profit on shares is shown as Short term and long term as the case may be.But A.O. wants to .....

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..... asesses STCG on shares as business income in view of circular 4 /2007 dt 15.06.2007. What is the correct position. - Reply By rishi katiyar - The Reply = The income from the sale of the shares sha .....

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..... ll not be responsible for the STCG , because assessee"s main cbjective is not to purchase or\and sale of securities as emphesise in the above text. Such income should be treated as " Income from oth .....

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..... ers sourses " as i think Thanks - profit on sale of shares - Query Started By: - satbir singh wahi Dated:- 20-12-2010 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, .....

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..... reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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