Capital gain
aanchal patni (Trainee) (29 Points)
09 March 2017aanchal patni (Trainee) (29 Points)
09 March 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193972 Points)
Replied 09 March 2017
Taxable. May be as Business profit or Capital Gains depending upon your intention and nature of the activity.
Nitin
(Article)
(41 Points)
Replied 09 March 2017
Sir What cost should be taken in case of property (Agri Land) is inherent (varsai)
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193972 Points)
Replied 09 March 2017
@ Nitin: Cost as of original purchaser (of for-father), if purchased after April, 1981. But otherwise Valuation as on 1st April, 1981. (till AY 2017-18)