Capital gain
This query is : Resolved
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?
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
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