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PMS Accounting

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(Querist)
28 May 2011 What required things to be consider for PMS
accounting

What is treatment of gain or income realized from PMS holdings
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
28 May 2011 See this link for taxation of PMS

http://itatonline.org/archives/index.php/ito-vs-radha-birju-patel-itat-mumbai-gains-arising-from-pms-transactions-are-capital-gains-not-business-profits

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