[aaykarbhavan] Frequent dealings in shares and absence of separate records trigger tax on resultant gains as business income

Frequent dealings in shares and absence of separate records trigger tax on resultant gains as business income

June 13, 2014[2014] 45 taxmann.com 382 (Delhi)

IT: Where there was short duration of holding of shares, and lack of clarity in account books, sale and purchase of shares would lead to business income and not short term capital gains

 

Regards

Prarthana Jalan

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

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