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Tax Effect of Profit on sale of Investment

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(Querist)
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.
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Jitender

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Jitender (Expert)
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.

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