Tax & ComplianceTaxGuru
Income Tax | Surplus Fund Investments Taxable as Capital Gains, Not Business Income: ITAT Delhi
ITAT Delhi held that investments made from surplus business funds to earn returns constitute capital gains, not business income, based on investment intent. The post Surplus Fund Investments Taxable as Capital Gains, Not Business Income: ITAT Delhi appeared first on TaxGuru .
Attribution
Original credit: CA Sandeep Kanoi. This digest is published with acknowledgment to TaxGuru. For the complete analysis, headnotes, and citations, please refer to the source.
Read on TaxGuru
