Income Classification Depends on True Nature, Not Book Entries, for Business Income vs. Capital Gains Assessment.

Income Classification Depends on True Nature, Not Book Entries, for Business Income vs. Capital Gains Assessment. https://www.taxtmi.com/highlights?id=7095 Computation of income - under the head business income OR capital gains - entries in the books or classification of a particular item in the annual accounts does not determine the character of income or asset - HC en-us Tue, 12 Mar 2013 05:22:59 +0530 Tue, 12 Mar 2013 05:22:59 +0530 TaxTMI RSS Generator Income Classification Depends on True Nature, Not Book Entries, for Business Income vs. Capital Gains Assessment. https://www.taxtmi.com/highlights?id=7095 Computation of income - under the head business income OR capital gains - entries in the books or classification of a particular item in the annual accounts does not determine the character of income or asset - HC Highlights Income Tax Tue, 12 Mar 2013 05:22:59 +0530 https://www.taxtmi.com/highlights?id=7095