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NOTES ON INCOME FROM CAPITAL GAIN
Posted by CA Puneet Jethliya
30 July 2020
79428 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
203879 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
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