Friday, June 20, 2014

[aaykarbhavan] Income earned by an investment co. from premature redemption of an investment is a business profit




Income earned by an investment co. from premature redemption of an investment is a business profit

June 21, 2014[2014] 45 taxmann.com 298 (Punjab & Haryana)
IT : Where assessee, engaged in business of dealing in shares, debentures, mutual funds etc., earned income from premature redemption of a dividend plan, said income was liable to be taxed as business income
 
Regards
Prarthana Jalan


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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>


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