The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the profit earned from the sale of mutual fund would be taxable as capital gain and not business income under the Income Tax Act. The assessee is engaged in the business of trading in securities, derivatives and professional income. He also derived […]
The post Profit of Sale of Mutual Fund is Capital Gain, not Business Income: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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