Capital gain
This query is : Resolved
Dinesh Gupta
(Querist)
29 May 2013
one of Agariculture land in urban city sales in ploting, tax calculation to capital gain or business income, Assessing officer say tax on business income and not to claim u/s 54. pls suggest me how can do?
Rupesh Jain
(Expert)
29 May 2013
YES TAXABLE AS BUSINESS
FOR THAT YOU HAVE TO CALCULATE COST OF PLOT
AND STOCK AS ON 31.3. ...
THEN CALCULATE YOUR INCOME OR CWIP
FOR THAT YOU HAVE TO CALCULATE COST OF PLOT
AND STOCK AS ON 31.3. ...
THEN CALCULATE YOUR INCOME OR CWIP
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Import Order Cancelled.
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- GSTR-9C filing
- Urd purchase entry in tally prime
- Form 144 TDS Return Validation Error – Mandatory Fields
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
