Agricultural income or Capital Gain?
Sanjay Krishna (Student CS) (21 Points)
23 July 2017Sanjay Krishna (Student CS) (21 Points)
23 July 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160292 Points)
Replied 23 July 2017
If the tree trunks are cut and sold with stumps intact with scope for re-generation, the receipt would be agricultural income. If not, it could be sale of capital asset.
Refer: Sale-of-trees-ndash-whether-it-could-be-agricultural-income
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160292 Points)
Replied 23 July 2017
Also refer: visitor/detail_article.asp?ArticleID=1336
Amarjeet jasiwal
(student)
(147 Points)
Replied 24 July 2017