Sale of sand deposited on the agriculture land
This query is : Resolved
04 May 2019
Whether the receipt from the sale of sand deposited on the agriculture land situated at the bank of river should be taxed as business income of or capital gain?
Please give reasons with case laws if any.
Please give reasons with case laws if any.
04 May 2019
Yes, it's a business income. No transfer of property or asset involved in treating it as capital gain.
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