https://www.taxtmi.com/article/detailed?id=129 Proposal to prescribe asset specific minimum holding periods below which disposals will not qualify as capital assets, with such disposals deemed business income regardless of book classification. Recommendations include treating private/unquoted shares as investments, deeming intra day trading business activity, and making accounting classification as stock in trade conclusive to reduce litigation and provide objective criteria for tax characterisation. en-us Sun, 03 Aug 2008 00:00:00 +0530 Sat, 07 Mar 2009 12:28:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=129 Proposal to prescribe asset specific minimum holding periods below which disposals will not qualify as capital assets, with such disposals deemed business income regardless of book classification. Recommendations include treating private/unquoted shares as investments, deeming intra day trading business activity, and making accounting classification as stock in trade conclusive to reduce litigation and provide objective criteria for tax characterisation. Articles Income Tax Sun, 03 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=129