Sale of Property by Property Developer (Sole Proprietor) Reported as Sale of Immovable prop in AIS.
This query is : Resolved
Sudipta Das
(Querist)
05 August 2024
Flat sold by property developer showing as Sale Of immovable property in the AIS of sole proprietor. Will there be any issue if the same reported as Business Receipts in ITR 3 not as capital gains.
Dhirajlal Rambhia
(Expert)
06 August 2024
Report it under business income, no problem.
Change the TDS column for income declared under 'BP".
Change the TDS column for income declared under 'BP".
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