https://www.taxtmi.com/article/detailed?id=475 Characterisation of gains on sale of shares, securities and mutual fund units turns on whether the assessee elects and treats those holdings as capital assets or as stock-in-trade; where held as investments without trading infrastructure, they are capital assets and gains on transfer are capital gains, while commercial exploitation through hedging, intraday trades or securities lending yields business income. en-us Thu, 27 Aug 2009 00:00:00 +0530 Thu, 27 Aug 2009 13:54:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=475 Characterisation of gains on sale of shares, securities and mutual fund units turns on whether the assessee elects and treats those holdings as capital assets or as stock-in-trade; where held as investments without trading infrastructure, they are capital assets and gains on transfer are capital gains, while commercial exploitation through hedging, intraday trades or securities lending yields business income. Articles Income Tax Thu, 27 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=475