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Income Tax - Highlights / Catch Notes

Home Highlights September 2013 Year 2013 This

Nature of Income - Once it is established that the nature of ...


Trading Nature of Transactions Determines Income Classification, Not Frequency of Share Deals.

September 12, 2013

Case Laws     Income Tax     AT

Nature of Income - Once it is established that the nature of transactions are such that the assessee is trading in shares, it does not make any difference whether he has transacted in the same shares more than four times or less than four times. - AT

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