Different heads of income.
This query is : Resolved
22 November 2017
ram is a employee assessee. apart of salary he received a portion of return on investment made in share & security through his employer demat account. the employer settle his dues on daily basis. ram does't have any demat account. one another information about ram is that he deals in shares as business.
now i want to know that in which heads of income ram is assessed towards income from shares and securities.
plz rply..
now i want to know that in which heads of income ram is assessed towards income from shares and securities.
plz rply..
22 November 2017
Ram's income from demat transaction is 'share of income from an AOP' and
accordingly disclosed under the head 'income from business or profession'.
Income tax on such income is governed by section 86(a) or (b).
accordingly disclosed under the head 'income from business or profession'.
Income tax on such income is governed by section 86(a) or (b).
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