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Taxation

This query is : Resolved 
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(Querist)
18 September 2011 Sir

My client had purchased a residential plot in 2006 for Rs10lacs and in 2010 i made an agreement with a builder as a ratio deal and receipts from sale of flats Rs. 30 Lacs/- i.e my clients share and remaining Rs30 lAcs will be of builders share in F.y 2010-11 so can i treat this income as my business or L.T capital gain will imposed onmy client.
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Dintakurthi Tirumala

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Dintakurthi Tirumala (Expert)
18 September 2011 It is Long term Capital gain.
OM SAI SRI SAI JAI JAI SAI
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