Tax Surplus from Treasury Bill Redemption as Capital Gains, Not Business Profits, Says Ruling. https://www.taxtmi.com/highlights?id=74351 Taxability of surplus on redemption of Treasury bills under the head ‘Profits and Gains of Business’ - treasury bills were sold by the Reserve Bank of India on behalf of the Central Government - Surplus on redemption of treasury bills is to be taxed under the head Capital Gains. - AT en-us Wed, 24 Jan 2024 07:56:33 +0530 Wed, 24 Jan 2024 07:56:33 +0530 TaxTMI RSS Generator Tax Surplus from Treasury Bill Redemption as Capital Gains, Not Business Profits, Says Ruling. https://www.taxtmi.com/highlights?id=74351 Taxability of surplus on redemption of Treasury bills under the head ‘Profits and Gains of Business’ - treasury bills were sold by the Reserve Bank of India on behalf of the Central Government - Surplus on redemption of treasury bills is to be taxed under the head Capital Gains. - AT Highlights Income Tax Wed, 24 Jan 2024 07:56:33 +0530 https://www.taxtmi.com/highlights?id=74351