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        Case ID :
        Income Tax

        Nature of Income – Mutual funds sold - business income or c...

        Income from Mutual Fund Unit Sales Classified as Capital Gains, Not Business Income, Due to Non-Transferability.

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                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.
                                Nature of Income – Mutual funds sold - business income or capital gains - units of mutual funds are not freely transferable nor tradable and thus cannot be categorized as Business - HC
                                Note: It is a system-generated summary and is for quick reference only.
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