a person who engaged in the business of sale and purchase of property will be eligible for for paying capital gain tax?
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capital gain
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| Originally posted by :amar preet singh | ||
| " | a person who engaged in the business of sale and purchase of property will be eligible for for paying capital gain tax? | " |
W.e.f.A.Y.1984-85 covertion of stock in trade is liable for capital gain but selling of goods/stock is taxable under B&P head.
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