Change in the head of income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 January 2013
THE ASSESSEE HAS MAIN OBJECT OF BOOKING TICKETS AND AS AN ANCILLARY OBJECT IT HAS PURCHASE OF PROPERTY IT SHOULD BE CHARGEABLE IN CAPITAL GAIN OR PGBP ??
KINDLY SUPPORT WITH CASE LAWS OR SECTION
KINDLY SUPPORT WITH CASE LAWS OR SECTION
06 February 2013
Purchase of Property doesnt mean to Capital gain. If there is a sale of property then it comes under the head of Capital Gain. There is no any inter-alia with Business.
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