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Income Tax - Highlights / Catch Notes

Home Highlights May 2019 Year 2019 This

Acquisition of BSE shares - LTCG OR business income - holding ...


Income from BSE Shares: Long-Term Capital Gains or Business Income? Classification Depends on Holding Period from 'BSE Card' Acquisition Date.

May 4, 2019

Case Laws     Income Tax     AT

Acquisition of BSE shares - LTCG OR business income - holding period of the asset is to be calculated from the acquisition of date of ‘BSE card’ and not from the date of conversion of ‘BSE card’ into equity shares - held as LTCG

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