Capital gain
This query is : Resolved
CA Pravin Gupta
(Querist)
02 August 2013
agricultural land purchased and sold in residential plots whether capital gain or business income
CA PARAS BAFNA
(Expert)
02 August 2013
The land has been purchased as a capital asset ?
.
If no then the income arising from sale of the plots will be business income only.
.
.
If no then the income arising from sale of the plots will be business income only.
.
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