Correct head of income - shares transactions- Capital gain or ...

Income from Frequent Share Trading Classified as Business Income, Not Capital Gain, Due to Commercial Motive.

July 2, 2019

Case Laws Income Tax AT

Correct head of income - shares transactions- Capital gain or business income - there cannot be any straight jacket formula and there should not be a sweeping conclusion but a case to case test or approach should be adopted - regularity in purchase and sale of shares for several years and payment substantial professional fees in its endeavour to corner gains from market fluctuations show clear commercial motive - business income

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Correct head of income - shares transactions- Capital gain or ...

Income from Frequent Share Trading Classified as Business Income, Not Capital Gain, Due to Commercial Motive.

July 2, 2019

Case Laws Income Tax AT

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