query related to cg

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30 May 2011 if a property dealer sells his rural agriculture land which was shown as stock in trade , but entry is shown through capital account. than what r the preceedings

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Querist : Anonymous

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30 May 2011 plz, reply early

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31 May 2011 no reply yet?

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Querist : Anonymous

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31 May 2011 plz. reply

31 May 2011 The profit earned by him will be treated as taxable business income.

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 June 2011 thanks paras sir for the reply


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