Regarding to Relinquishment of Rights
This query is : Resolved
Quick Summary
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?
1. It should be treated as capital gain or stock in trade?
26 June 2025
The difference between the circle rate and the COA will be charged as profits of the business.
26 June 2025
Whether it should be treated under 44AD?
26 June 2025
No need... Consider it as capital withdrawal by proprietor.
16 September 2025
Good luck.
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