Query about income tax
This query is : Resolved
Sudhanshu Yadav
(Querist)
25 June 2013
dear sir
i want to ask u about the query that we have purchased a piece of land in the year may 2000 on the personal basis
but in year 2010, i made some flats on that land and sale all flats in same accounting year now i want to know that this income is computed as income to the business or income to personal account...
i want to ask u about the query that we have purchased a piece of land in the year may 2000 on the personal basis
but in year 2010, i made some flats on that land and sale all flats in same accounting year now i want to know that this income is computed as income to the business or income to personal account...
CMA Ramesh Krishnan
(Expert)
29 July 2013
It is income from capital gains
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
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Employee secondment
- Ito add credit side of bank
- GSTR9 Annual Return
- Form 144 TDS Return Validation error
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- LLP audit and disclosure
- Import of Capital Machine
- Rectification under processing even after 6 months cpc portal
- Applicability of tax on invoice
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- 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?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
