Rate of income tax
This query is : Resolved
28 March 2013
If some pvt co. is involved in the business of Shares (i.e . Sale and purchase of shares), @ what rate of income tax will be applicable to it??
30.90%
or
Rate at which STCG or LTCG is taxed??
30.90%
or
Rate at which STCG or LTCG is taxed??
28 March 2013
You need to check various criterias set out in the Circular No. 4/2007 issued by CBDT for determining whether it is business income(charegable @ 30%) or capital gain.
http://law.incometaxindia.gov.in/dittaxmann/circular/cir4_2007.htm
http://law.incometaxindia.gov.in/dittaxmann/circular/cir4_2007.htm
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
