whethet it is a investment or stock
Akshat Bansal (74 Points)
15 March 2018and purchase goods (sugar) for holding purpose
so that if sugar rate is push we sell it
for the sake of profit
pls tell taxablity of that case
Akshat Bansal (74 Points)
15 March 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177967 Points)
Replied 15 March 2018
Depending upon size and number of transactions, it can be treated as income from 'PGBP' or 'IFOS"
Akshat Bansal
(74 Points)
Replied 15 March 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177967 Points)
Replied 15 March 2018
NO.
But in case of balance sheet inclusive of total assets (ITR3), declare under current assets.
Akshat Bansal
(74 Points)
Replied 11 August 2018