24 September 2014
Sale of Shares and Securities beyond 1 crore in value invites mandatory tax audit. Do mutual funds fall under the definition of Shares and Securities? Also, is off market transfer under delisting buy back by the company fall under Sale of Shares and Securities?
24 September 2014
then tax audit wont apply............
Querist :
Anonymous
Querist :
Anonymous
(Querist)
24 September 2014
Thank you. In which case what documentation should an investor keep in place for an income tax query? Also, does some some sort of registration distinguish an investor from a trader? Pl advise. Thank you.