Sir,
If a company sale its property(like Flat, Land etc....) in the sale company get a gain. if the gain has to show in the income tax as capital gain or shown in the revenue operations.
please clarify me.
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Capital gains for a company
Replies (1)
In what kind of business the company is involoved?
If the compoany is not engaged in the real estate business or the property was not held for sale i.e. was not held as stock in trade, then the gain would be treated as capital gain only.
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