https://www.taxtmi.com/highlights?id=56631 Characterization of income - Trading in shares - d 'capital gains' or 'business income' - While maintenance of capital and trading transactions as a separate category in books can be insisted upon in practice to ascertain the underlying intentions, the maintenance of separate D-mat account separately is not necessarily in conformity with usage of share trade and thus cannot be insisted upon. - AT en-us Mon, 08 Feb 2021 14:59:39 +0530 Mon, 08 Feb 2021 14:59:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=56631 Characterization of income - Trading in shares - d 'capital gains' or 'business income' - While maintenance of capital and trading transactions as a separate category in books can be insisted upon in practice to ascertain the underlying intentions, the maintenance of separate D-mat account separately is not necessarily in conformity with usage of share trade and thus cannot be insisted upon. - AT Highlights Income Tax Mon, 08 Feb 2021 14:59:39 +0530 https://www.taxtmi.com/highlights?id=56631