https://www.taxtmi.com/forum/issue?id=4417 Classification as Current or Non-Current Investment depends on the investor's intention at the date of acquisition; contemporaneous evidence such as board minutes should be examined to determine whether holdings are for near term realisation or for long term purposes. The query describes market purchases, investments via a PMS account, interest free intercompany investments and bank fixed deposits by a finance company, but the reply seeks clarification of "PMS A/c" and emphasizes reliance on documented intention. en-us Tue, 24 Jul 2012 18:35:02 +0530 Thu, 23 Jan 2025 15:57:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=4417 Classification as Current or Non-Current Investment depends on the investor's intention at the date of acquisition; contemporaneous evidence such as board minutes should be examined to determine whether holdings are for near term realisation or for long term purposes. The query describes market purchases, investments via a PMS account, interest free intercompany investments and bank fixed deposits by a finance company, but the reply seeks clarification of "PMS A/c" and emphasizes reliance on documented intention. Discussion-Forum Companies Law Tue, 24 Jul 2012 18:35:02 +0530 https://www.taxtmi.com/forum/issue?id=4417