CIRCULAR NO 6/2016 : Tax on Sale of Shares as Business Income or Capital Gain ? Clarified
CIRCULAR NO 6/2016 [ Income Tax ] SECTION 45, READ WITH SECTION 28(i), OF THE INCOME-TAX ACT, 1961 – CAPITAL GAINS, ISSUE OF TAXABILITY OF SURPLUS ON SALE OF SHARES AND SECURITIES CHARGEBALE AS CAPITAL GAINS OR BUSINESS INCOME INSTRUCTIONS IN ORDER TO REDUCE LITIGATION CIRCULAR NO 6/2016 [F.NO.225/12/2016-ITA-II], DATED 29-2-2016 Sub-section (14) of section 2 of the… Read More »