Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 November 2012
Dear Experts,
i am investing most of my funds in lands or plots. not in flat or house. purchase and after 3 to 10 year sell them. then again purchase. whats the key thing i noted to save capital gain. please reply soon.
i am investing most of my funds in lands or plots. not in flat or house. purchase and after 3 to 10 year sell them. then again purchase. whats the key thing i noted to save capital gain. please reply soon.
09 November 2012
Being a repeated trade, gain has to be assessed under the head 'income from business' and not under 'capital gains.
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