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Regarding to Relinquishment of Rights

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(Querist)
25 June 2025 Mr. X has a plot in his books of accounts which was shown as stock in trade. Now, If Mr. X has relinquished their rights against his relative of this plot. Is it valid?
1. It should be treated as capital gain or stock in trade?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
26 June 2025 The difference between the circle rate and the COA will be charged as profits of the business.
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Suresh S. Tejwani

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Suresh S. Tejwani (Querist)
26 June 2025 Whether it should be treated under 44AD?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
26 June 2025 No need... Consider it as capital withdrawal by proprietor.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
16 September 2025 Good luck.
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