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Income Tax - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

Deemed Speculative Income – Section 73 -if part of its business ...


Companies Dealing in Shares: All Transactions Considered Speculative u/s 73 of the Income Tax Act.

September 11, 2012

Case Laws     Income Tax     AT

Deemed Speculative Income – Section 73 -if part of its business consists of dealing in shares then all types of transactions, whether delivery based or nondelivery based, will be treated as speculative transactions. - AT

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