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non banking financial company

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(Querist)
15 June 2009 in case of Non Banking financial company, whether profit/loss on sale of shares would be included under income from investments
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Vipul J. Bhavsar

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Vipul J. Bhavsar (Expert)
15 June 2009 Dear, how can a profit/loss be shown as income/expenditure from investment. If it is a Profit/Loss on sale it will be treated as income from operations if buying and selling is normal business. If not will be treated as capital gain.
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Ankur Garg

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Ankur Garg (Expert)
16 June 2009 Agree
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