Stock-in-trade
This query is : Resolved
12 June 2009
If any income is earned on stock-in-trade, what is the treatment of the same and where it should be discloed in financial statements??
Eg. A company is having stock of equity shares on which it erans dividend income. What is the traetment for the same??
Eg. A company is having stock of equity shares on which it erans dividend income. What is the traetment for the same??
13 June 2009
From taxation point of view, it would be taxable under Income from other sources.
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