Agricultural land
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 March 2013
Is agricultural land purchased by a company, treated as a capital asset for tax purposes?
01 March 2013
If such land is kept as investment then it is Capital asset in case it is kept as stock in trade then it is current asset and inventory.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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