Tax Treatment of Conversion of Stock (Immovable Property) in Capital Gain Head
This query is : Resolved
RAJESH SINGH
(Querist)
10 November 2022
Respected Sir
I am a trading in Real Estate ( Only Trading in Plot/Land) last financial year.
Sir I want to Know that how to Tax treatment in Business & Profession /capital Gain.
and what is Procedure of Conversion of stock in Capital Gain Schedule
I am a trading in Real Estate ( Only Trading in Plot/Land) last financial year.
Sir I want to Know that how to Tax treatment in Business & Profession /capital Gain.
and what is Procedure of Conversion of stock in Capital Gain Schedule
10 November 2022
If you have business set up for such trading business, the earnings can be declared as business income.
For any capital investment a declaration is required to be made with certification.
For any capital investment a declaration is required to be made with certification.
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