11 June 2015
A company's main business is Financial consultancy service. But they also trade in shares. My doubt is whether it is to be treated as investment and value as per AS-13 or or to be treated as stock in trade. If stock in trade then how to value it either as per AS-2 or ICDS-VIII Valuation of Securities. Please reply urgently.
11 June 2015
The various case laws have depicted that the situation proves to be tricky. The intention of the assessee plays an important role in all such matters. The frequency of the share trading transactions are normally considered to decide whether it is trading or capital gain.
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