Shares Sale Profit Classified as Long-Term Capital Gains u/s 49(1) of Income Tax Act; Donations Viewed as Gifts. https://www.taxtmi.com/highlights?id=19565 Profit on sale of shares as LTCG instead of STCG – donation is to be construed as a form of gift - Since the shares constitute a capital asset, it is but natural that on their transfer, the provisions of section 49(1) would be attracted - AT en-us Wed, 06 Aug 2014 11:04:00 +0530 Wed, 06 Aug 2014 11:04:00 +0530 TaxTMI RSS Generator Shares Sale Profit Classified as Long-Term Capital Gains u/s 49(1) of Income Tax Act; Donations Viewed as Gifts. https://www.taxtmi.com/highlights?id=19565 Profit on sale of shares as LTCG instead of STCG – donation is to be construed as a form of gift - Since the shares constitute a capital asset, it is but natural that on their transfer, the provisions of section 49(1) would be attracted - AT Highlights Income Tax Wed, 06 Aug 2014 11:04:00 +0530 https://www.taxtmi.com/highlights?id=19565