Question

....
is a section of abusines segregated physically from the main section.​

Answer 1

Answer:

section 49 and section 2(42A)

Explanation:

As the act provides the definition of the term ‘short-term capital asset’. It also provides for determination of period of holding of the capital asset held by the assessee.

Answer 2

The section of the business is a branch.

• As a generalisation, it may be said that a branch of a company is one where a division of the firm is physically separated from the main division.
• It can be independent or dependent.
• Therefore, it is specifically a site, which is an office or a branch if it is apart from the primary location of operations.
• The majority of branch offices are made up of more compact divisions of various business functions including marketing, accounting, and human resources.

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