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Income Tax - Highlights / Catch Notes

Home Highlights June 2015 Year 2015 This

Period of holding for determining whether the assessee has ...


Holding Period Key for Capital Gains; Loan Security with Movable Property or Shares Isn't Ownership Transfer.

June 29, 2015

Case Laws     Income Tax     AT

Period of holding for determining whether the assessee has derived long-term capital gain or short-term capital gain - Giving possession of the movable property / shares as security does not mean the ownership of the assets will also get transferred in favour of the person from whom the assessee has taken the loan. - AT

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