Taxpayer can classify gains from share sale1 min read . Updated: 03 Mar 2016, 09:54 AM IST
Tax department says determination whether a particular investment in shares or other securities is in the nature of a capital asset or stock-in-trade has led to a lot of uncertainty
New Delhi: In a move that will bring down one of the most common tax disputes, the income tax (I-T) department has clarified that the taxpayer can decide how to classify the gains from sale of shares—as capital gains or as business income.
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