Thursday, 19 February 2015

No sec. 115E benefit on short-term cap gain from sale of foreign exchange asset as it isn't an inves

IT/ILT : Short-term capital gains arising on sale of assets is not income 'derived from' foreign exchange asset so as to qualify as 'investment income' within the meaning of section 115E of the Act so as to be entitled to concessional tax rate of 20%


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