10 December 2011
Does loss in Debt Factoring comes under Capital Gain or PGBP head? As per my analysis, it can well fall under Capital Gain. Please share your views.
10 December 2011
If it is done in the course of business, then, it will fall under PGBP only. To determine the same we need to have all the facts related to the case.
10 December 2011
For taxing capital gains there should be capital asset means property of any kind held by an assessee whether or not connected with his business or profession having certain exceptions Stock in trade, raw materials, consumable stores held for the purpose of business or profession etc
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