Saturday, July 26, 2014

[aaykarbhavan] I-T Act recognizes Mutual fund as a special category of investment; it can’t be clubbed with investment in shares



I-T Act recognizes Mutual fund as a special category of investment; it can't be clubbed with investment in shares

July 26, 2014[2014] 46 taxmann.com 349 (Delhi)
IT: Units of mutual being a special category investments, investment in mutual funds cannot be clubbed with investment in shares or commodities; and any surplus arising therefrom on sale of mutual fund kept as investment is long-term capital gain
 
Regards
Prarthana Jalan


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


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