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Vasiyat property sale

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 January 2015 Sir
mere grand father ne 10 bigha agriculture land mujhe vasiyat mein di jiski deed mere pass hai lekin maine woh land sale 2013-14 mein plot banaker sale kar di to kya capital gain tax banega.
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Amol S Joglekar

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Amol S Joglekar (Expert)
03 January 2015 Yes, it will fall under capital gain.

(You may get the view that same can be shown as Business Income)

You need to take the decision from TAX PLANNING angle
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