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Income Tax - Highlights / Catch Notes

Home Highlights April 2016 Year 2016 This

Transaction in shares/mutual fund by engaging PMS - receipt ...


Shares Sold via PMS Classified as Capital Gains Due to Stock-to-Investment Conversion Lacking Section 45(2) Provision.

April 1, 2016

Case Laws     Income Tax     AT

Transaction in shares/mutual fund by engaging PMS - receipt from sale of shares after conversion from stock in trade to investment has to be held as capital gain in absence of provision like sec. 45(2) - AT

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