Justice Easwar committee report in 2016 recommended that capital gains upto 5 lakh should not be treated as business income.
Link: https://www.drishtiias.com/upsc-exam-gs-resources-Easwar-panel-Committee-Report-on-tax-laws
In my case gain from short term stocks is much less than five lakh, but I have 30 stock buy/sells in fy 2017-18.
I am confused about whether to declare it as capital gain or business income.
Please guide.
Is this easwar committee report implemented now?
CAclubindia
