LTCG in Penny Stock and Harrasment by Income Tax Department
Today Income Tax Department are sending notices to Income Tax Assesses that they had dealt in Penny Stock and its LTCG will be added in their Income along with Penalty and Interest.
But at the time of purchase how the buyer would come to know about such stock whether it is Penny Stock or not.
Why such Stocks are allowed to get traded on the Trading Platform.
The Department is harassing the general public and not taking any authentic steps in order to eradicate the same from its root. more