Budget 2016 – suggestion about trading profit or short term capital gains. -a minimum holding period to treat any assets as a ‘short-term capital asset’, if held for shorter duration- income should be treated as income from business income or income from other sources depending on nature of activities of assessee https://www.taxtmi.com/article/detailed?id=6651 Proposal to amend the definition of capital asset so that assets held for less than prescribed minimum periods are excluded from capital asset status, and profits or losses on their sale are to be treated as business income irrespective of books of account. The memorandum advocates differentiated holding-period thresholds by asset class, treats intra-day trading as business activity, and contends that assets held beyond the minimum should remain capital assets even if shown as stock-in-trade. en-us Sat, 30 Jan 2016 10:09:13 +0530 Sat, 30 Jan 2016 10:09:13 +0530 TaxTMI RSS Generator Budget 2016 – suggestion about trading profit or short term capital gains. -a minimum holding period to treat any assets as a ‘short-term capital asset’, if held for shorter duration- income should be treated as income from business income or income from other sources depending on nature of activities of assessee https://www.taxtmi.com/article/detailed?id=6651 Proposal to amend the definition of capital asset so that assets held for less than prescribed minimum periods are excluded from capital asset status, and profits or losses on their sale are to be treated as business income irrespective of books of account. The memorandum advocates differentiated holding-period thresholds by asset class, treats intra-day trading as business activity, and contends that assets held beyond the minimum should remain capital assets even if shown as stock-in-trade. Articles Income Tax Sat, 30 Jan 2016 10:09:13 +0530 https://www.taxtmi.com/article/detailed?id=6651