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Income Tax - Highlights / Catch Notes

Home Highlights August 2011 Year 2011 This

Profit from share trading business - STCG or Business income - ...


Share Trading Profits with Under 12-Month Holding Period Classified as Business Income, Not Short-Term Capital Gains.

August 5, 2011

Case Laws     Income Tax     AT

Profit from share trading business - STCG or Business income - holding period was less than 12 months - held as income from business.... – AT

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  9. Bogus STCG or not - Since the source of purchase has been disputed as the registration of broker was cancelled much before the transaction of purchase made by the...

  10. Nature or sale of shares – Capital gains or business income - if a share is held for more than two or three months and then sold, the transaction cannot be properly...

  11. The High Court held that rent income derived from letting out properties by the assessee should be treated as 'Income from Profits and Gains of Business' and not 'Income...

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  15. Assessment of Business loss in Share trading as capital gains - set off of Brought forward business losses - assessee is engaged in the business of share trading and...

 

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