Capital gain tax or stock in trade (plots)
P Raja (Tax Consultant) (32 Points)
02 May 2017P Raja (Tax Consultant) (32 Points)
02 May 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160327 Points)
Replied 02 May 2017
Is the loss from the same business of development?
P Raja
(Tax Consultant)
(32 Points)
Replied 02 May 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160327 Points)
Replied 02 May 2017
Yes, capital gains and CG tax liability arises. Business loss can be carried forward.
rama krishnan
(12234 Points)
Replied 04 May 2017
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