Saturday, 29 September 2012

Form „ST-3‟ required to be submitted by the 25th day of October, 2012 shall cover the period between 1st April to 30th June, 2012 only

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Share sale by Passive Shareholder taxable as Long-Term Capital Gains and not Business Income irrespective of non-compete clause in the SPA

  As per Income Tax Laws, any sum received or receivable in cash or kind under an agreement for not carrying business or profession is treat...