Capital Gain/Business Income Query

Rakesh Rao (CA Final Student) (408 Points)

14 October 2019  

When Mutual fund schemes were merged during Apr-Jun 2018 the unrealised gains were not considered as Transfer u/s 47(xix). However the same benefit is available if such Gain otherwise is shown by the assessee as Capital Gain.

Is there similar benefit available if the assessee shows such gains as Income from Business?