Capital gains
This query is : Resolved
ravi talari
(Querist)
03 July 2018
Hi,
Is it possible for the builders to sell the properties with out entering into sale deeds.If so what is the point of taxation for calculation of capital gains?
Thanks in Advance.
Is it possible for the builders to sell the properties with out entering into sale deeds.If so what is the point of taxation for calculation of capital gains?
Thanks in Advance.
CA Ankit R Momaya
(Expert)
04 July 2018
For builders , income will be assesses under Profits and Gains from Business or Profession and not Capital Gains.
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