Income under which head
This query is : Resolved
07 January 2013
sir,
one pvt. ltd. company incorporated for the purpose of investing in shares and securities, what should we treat if any capital gain arise LTCG or STCG(any), as buiness income or under capital gain head??
one pvt. ltd. company incorporated for the purpose of investing in shares and securities, what should we treat if any capital gain arise LTCG or STCG(any), as buiness income or under capital gain head??
Guest
Guest
(Expert)
07 January 2013
It should be treated as business income. Capital gains arise on investment activities not regular business activities.
07 January 2013
sir, im not clear what u say.. plz clarify.
Guest
Guest
(Expert)
07 January 2013
No need for classification as LTCG or STCG because it will be termed as speculation profit not capital gain.
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