Rate of income tax
This query is : Resolved
28 March 2013
If some pvt co. is involved in the business of Shares (i.e . Sale and purchase of shares), @ what rate of income tax will be applicable to it??
30.90%
or
Rate at which STCG or LTCG is taxed??
30.90%
or
Rate at which STCG or LTCG is taxed??
28 March 2013
You need to check various criterias set out in the Circular No. 4/2007 issued by CBDT for determining whether it is business income(charegable @ 30%) or capital gain.
https://law.incometaxindia.gov.in/dittaxmann/circular/cir4_2007.htm
https://law.incometaxindia.gov.in/dittaxmann/circular/cir4_2007.htm
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