Taxation
This query is : Resolved
04 December 2012
IF LAND IS PURCHASED UNDER AN JOINT VENTURE FOR CONSTRUCTION OF 20 FLATS OUT OF WHICH EQUALLY DIVIDED B/W 2 PARTNERS ,NOW WHETHER THE SALE INCOME TAXABLE UNDER BGBP OR CAPITAL GAIN????
04 December 2012
pz tell me in detail
with sections
with sections
04 December 2012
Hi
Here it appears that property was constructed for trading purpose hence it is Business Income.
Thanks//Vaibhav
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Here it appears that property was constructed for trading purpose hence it is Business Income.
Thanks//Vaibhav
Revert for more clarity.
Use thank button to convey your appreciation.
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