section 44ab
This query is : Resolved
16 November 2010
Mutual fund investments made by the assessee amounting to Rs. 4500000/- in a year whether treated as business of the assesseee. the assessee made investment with Rs. 500000/- invested & reedeemed after two months & then invested in othwer mutual funds-pls answer this question
Whether turnover u/s 44AD will be included in the turnover u/s 44AB of the act.
Whether turnover u/s 44AD will be included in the turnover u/s 44AB of the act.
17 November 2010
It can be shown as an investment activity. Department should not have any objection in that when it is getting tax on STCG.
17 November 2010
sir plz provide the case laws related to the same
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