TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Taxability of Share Sale Surplus: Capital Gains vs. Business Income under Section 2(14) of Income-tax Act, 1961</h1> The text addresses the taxability of surplus from the sale of shares and securities, distinguishing between capital gains and business income. Under Section 2(14) of the Income-tax Act, 1961, shares and securities can be considered either capital assets or stock-in-trade. The Central Board of Direct Taxes (CBDT) provides guidelines to determine this classification, focusing on the taxpayer's intention and holding period. Specifically, shares held for over 12 months can be treated as capital gains, while those treated as stock-in-trade are business income. These principles aim to reduce litigation and ensure consistency, excluding sham transactions.
TaxTMI 
TaxTMI 
