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Articles by CA Puneet Jethliya

NOTES ON INCOME FROM CAPITAL GAIN

Posted by CA Puneet Jethliya 30 July 2020 79446 Views

TRANSFERIt includes sales, exchange, redemption of zero coupon bonds and sale of anycapital asset with consideration. SHORT TERM CAPITAL GAINFor shares, securities hold for 12 months or less.Other assets hold for 36 months or less.For the following

NOTES ON INCOME FROM BUSINESS OR PROFESSION

Posted by CA Puneet Jethliya 19 September 2009 203888 Views

Sec. 2(13) defines "business" to include any trade, commerce or manufacture or any adventure or concern in the nature of trade, commerce or manufacture. Sec. 2(36) defines "profession" to include vocation. i.e. income earned not on the basis of prof