Thursday, April 30, 2015

[aaykarbhavan] Profit on sale of shares held as Cap Gain as purchases made out of own funds & not borrowed funds meant for business



Profit on sale of shares held as Cap Gain as purchases made out of own funds & not borrowed funds meant for business

April 30, 2015[2015] 56 taxmann.com 288 (Mumbai - Trib.)
IT : Where assessee earned income from sale of shares, in view of fact that said shares were purchased out of assessee's own funds and kept as investment all along amount in question was to be taxed as capital gain
 
Regards
Prarthana Jalan


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


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