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Income Tax - Highlights / Catch Notes

Home Highlights November 2018 Year 2018 This

Income earned profit on sale of mutual funds - capital gain OR ...


Income from Mutual Funds Held 72-186 Days Taxed as Capital Gains, Not Business Income.

November 3, 2018

Case Laws     Income Tax     AT

Income earned profit on sale of mutual funds - capital gain OR business income - Holding period of the assessee is minimum of 72 days and maximum of 186 days - profit of sale of mutual fund earned by the assessee as chargeable to tax under the head capital gain and not as business income

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