Classification of Profit from IPO

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....lassification of Profit from IPO<br> Query (Issue) Started By: - viral shah Dated:- 27-11-2010 Last Reply Date:- 27-11-2010 Income Tax<br>Got 1 Reply<br>Income Tax<br>Dear All, Pls let me know , can ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....we classify the IPO income as business income, if yes under which section Rgds Reply By DEV KUMAR KOTHARI: The Reply: In case IPO is an adventure in nature of trade, the income will be business inco....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....me. If it is adventure in nature of commerce, then income will fall under two heads 'business' - recurring income/ expenses and 'capital gains' - on transfer of capital assets..<br> Discussion Forum ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....- Knowledge Sharing ....