Business income - STCG/LTCG

[DEVKUMAR KOTHARI]

Developmnet about some of new provisions concerned with even small assessees like disallowance u/s 14A, treatment of STCG/ LTCG as business income or business income as STCG/ LTCG msy be posted for exchange of views and information.

AI Summary

Exploring Tax Treatment of STCG and LTCG as Business Income: Insights on Section 14A Disallowance for Small Taxpayers A discussion was initiated regarding the treatment of short-term capital gains (STCG) and long-term capital gains (LTCG) as business income, and vice versa, particularly concerning small taxpayers. The query sought updates on new provisions, including disallowance under section 14A. A response highlighted the existence of various case laws applicable to different situations and contexts, suggesting a resource for further exploration of section 14A case laws.