Classification of Equity Shares

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Querist : Anonymous

Querist : Anonymous (Querist)

22 November 2010 Can equity shares be classified under inventory if it is held for sale for nbfc. If yes,what is the relevant guidance ?

CA Ayush Agarwal (Expert)
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18 December 2010 Yes.May Be.
and any gain/loss should be mark as from business & profession income.as per it purpose

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