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Income Tax - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Explanation to section 73 - share trading - If the income ...


Income Declared u/s 132(4) as "Other Sources" Qualifies Assessee for Exception u/s 73 for Share Trading.

August 24, 2015

Case Laws     Income Tax     AT

Explanation to section 73 - share trading - If the income declared u/s. 132(4) is considered to be “Income from other sources”, then the main income of assessee would be income from other sources and assessee company would be covered under the first exception to explanation below section 73 - AT

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