• search

comments invited to distinguish between stock traders, investors

Written by: Staff

New Delhi, May 17 (UNI) The Central Board of Direct Taxex (CBDT) has invited comments by May 25 on the proposed instructions to distinguish between stock brokers and investors.

CBDT, in its August 1989 instructions, had laid down certain tests to distinguish between shares held as stock-in trade and shares held as investment.

It now proposes to issue supplementary instructions to provide further guidelines for determining whether a person is a trader or an investor in stocks.

Before issuing the instructions, it has invited comments from all stakeholders.

The draft instructions and the addresses to which the comments can be sent are available on the income tax department website, incometaxindia.gov.in, an official release said today.


For Daily Alerts
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more