Amendment to Section 2(14): Clarity on 'Capital Asset' Definition for Investment Funds' Securities

Last updated: 01 February 2025

Amendment of Definition of 'Capital Asset' Section 2(14) of the Act defines the term "capital asset" to include property of any kind held by an assessee, whether or not connected with his business or profession, but does not include any stock in-trade or personal assets as provided in the definitio

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