IT: In terms of Circular No. 6 dated 29-2-2016, where assessee sold shares after holding them for a period of more than 12 months, he had an option to treat profit earned on sale of shares as long term capital gain and it made no distinction as to whether investment in those shares was made out of his own funds or borrowed funds
from www.taxmann.com Latest Case Laws http://bit.ly/2GQEHzJ
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