Business income - STCG/LTCG

[DEV KUMAR 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.

[Rama Krishana]

There are many case laws in different situations and different contexts. Please visit the case laws based on section 14A at following link:

AI Summary

Capital gains characterization: when short or long term gains are treated as business income, affecting disallowance under tax law.
The document queries when short term or long term capital gains should be classified as business income (and vice versa), stressing the practical tests and consequences for taxpayers, and notes that substantial case law addresses these classification questions and related disallowance principles, directing readers to consolidated authorities for factual guidance.