Sale of plot of land
This query is : Resolved
03 September 2011
i have purchased a land before 3 years for Rs. 3,01,000. and it is seperated into various plots and now sold a plot for Rs. 127000. i want to know the tax saving methods. Whether the income can be taxed as Capital Gains / Business Income?
CA Rajeev Bansal
(Expert)
03 September 2011
Taxed under the head Capital Gain
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