Income Tax on Shares / Securities Trading Income : Free Study material

Income Tax on Shares /Securities Trading : Free Study material

Here is the Free Study Material on Income Tax on Share Trading

CBDT : 24 FAQs on Long Term Capital Gain on Shares as proposed in Finance Bill 2018

Tax on long term gain on Transfer of equity share : Govt invites Comment

Unlisted shares Transfer ? Income under Capital Gain irrespective of period of holding : CBDT LETTER F.NO.225/12/2016/ITA.II, DATED 2-5-2016

Gain from unlisted shares taxable under capital gain irrespective of period of holding : Govt Press Release on 06.05.2016

CBDT notify rules for Period of Holding of Convertible Debentures / bonds : NOTIFICATION NO. SO 1146(E) Dated 17.03.2016

How to classifying Shares Income : in Business Income head or Capital Gains head

CBDT’s Circular No 6/2016, dated 29-2-2016 Clarified whether the surplus generated from sale of listed shares or other securities would be treated as Capital Gain or Business Income

CBDT Circular No 4/2007 dated 15-6-2007  :  Where an assessee has two portfolios ( investment portfolio and trading portfolio ), the assessee may have income under both heads, i.e., capital gains as well as business income.

CBDT’s Instruction No. 1827, dated 31-8-1989 deals with distinction between shares held as stock-in-trade and shares held as investment 

Needs to file income tax return even if income exempt from long term capital gain on sale of shares : Finance Bill 2016 amend the sixth proviso to sub-section (1) of the section 139

Income Tax Judgments on Share Trading Income

Period of holding of shares received on conversion of debentures includes holding period of debentures : Punjab and Haryana High Court on 19.08.2015

STT Paid Long term loss on Shares can be set off : ITAT MUMBAI  on 10.06.2015

Share Trading Income cannot be treated as ‘Capital Gain, it is business income:  ITAT Ahemdabad

 

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