Meaning of tax terms

Meaning of “Investment income”

Posted on by Prashant Thakur

Case Name : Sunderdas Haridas Vs. Asstt. CIT

Citation :[1998] 67 ITD 89 (MUM. – TRIB.)

Court : Itat-Mumbai

Section : 115E

Meaning : The expression ‘investment income’ used in section 115e does not include within its scope short-term capital gains.

Prashant Thakur

The author has spent more than 30 years in the field of taxation. Wrote four books -3 on on Indian Tax Law and 1 on US tax law for cryptocurrency. Apart from https:taxworry.com , he also writes on https://irstaxapp.com which is for US tax laws. He is a tech enthusiast and manages a cloud computing company that publishes innovative software.

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