stcg business income

  • Income Tax

Sale of shares-Capital Gain or business income? ITAT explains the Law in assessee’s favour

Sale of shares-Capital Gain or business income ? ITAT explains law in assessee's favour quoting CBDT Instructions / Circulars and…

5 years ago
  • Income Tax

Frequency, magnitude systematic manner no criteria to hold sale of shares as business activity

Frequency, magnitude of transaction in systematic manner no criteria to hold that the assessee is engaged in a business activity…

5 years ago
  • Income Tax

Repeated purchase and immediate sale of same scrip on daily basis was business income – ITAT

Repeated purchase of same scrip and immediate sale on daily basis to take advantage of the market fluctuations was business…

6 years ago
  • Income Tax

Business income or STCG-Frequency-repetition of sale purchase not conclusive factors – ITAT

Business income or STCG-Frequency-repetition of sale purchase not conclusive. Factors like main business / profession of assessee, intention while purchasing…

7 years ago
  • Income Tax

Sale-purchase in only few share scrips not high volume to be treated as business income. A person can act both as trader and investor-ITAT

Sale-purchase in only few share scrips not high volume. STCG was not business income as a person can act both…

7 years ago
  • Income Tax

STCG-LTCG of NBFC held as capital gains not business income based on broad principles as laid down by various judicial pronouncements

STCG-LTCG of NBFC held as capital gains not business income based on broad principles as laid down by various judicial…

8 years ago
  • Income Tax

Share STCG not become business income by employment of Portfolio Management Service (PMS) for investment in shares-ITAT held so relying on 2 HC Judgments

Share STCG not become business income by employment of Portfolio Management Service (PMS) for investment in shares. This was held…

8 years ago
  • Income Tax

Sale of shares was not business income but investment income ITAT held so quoting CBDT latest circular no. 6/2016, F.No. 225/12/2016/ITA.II dt. 02/5/2016

In a recent judgment, ITAT has held that the sale of shares by the assessee was not business income but…

8 years ago