https://www.taxtmi.com/manuals?id=4517 Surplus on sale of listed shares and securities is to be examined for classification as capital gains or business income with the object of reducing litigation and promoting consistency. Where the assessee itself opts to treat listed shares and securities as stock-in-trade, the resulting income from transfer is to be treated as business income. Where such securities are held for more than 12 months and the assessee treats the income as capital gain, that position is not to be disputed, subject to consistency in later assessment years. en-us Fri, 22 Mar 2024 17:50:00 +0530 Tue, 09 Jun 2026 15:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4517 Surplus on sale of listed shares and securities is to be examined for classification as capital gains or business income with the object of reducing litigation and promoting consistency. Where the assessee itself opts to treat listed shares and securities as stock-in-trade, the resulting income from transfer is to be treated as business income. Where such securities are held for more than 12 months and the assessee treats the income as capital gain, that position is not to be disputed, subject to consistency in later assessment years. Manuals Income Tax Fri, 22 Mar 2024 17:50:00 +0530 https://www.taxtmi.com/manuals?id=4517