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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