TaxTMI 
TaxTMI 
Classification of Profit from IPO
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....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 ....
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....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....
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....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 ....
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