Tax Effect of Profit on sale of Investment
This query is : Resolved
01 September 2008
Hi,
What is the Tax effect of Profit on sale of Investments under the head Profits or Gains from Business or Profession ?
Regards,
Jeemon.
What is the Tax effect of Profit on sale of Investments under the head Profits or Gains from Business or Profession ?
Regards,
Jeemon.
01 September 2008
profit or loss is not subject to tax treatment in tax.
profit oe loss is calculated as per income tax rules separately as long term or short termcapital gain or loss.
profit oe loss is calculated as per income tax rules separately as long term or short termcapital gain or loss.
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