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Does buying and selling of lands is trading
does buying and selling of lands is trading business??
Replies (4)
Quick Summary
If nature of business is buying and selling the land then it will come under trading only
Yes and land are stock in trade for the business ??
Commercial Lans and property dealer.
capital gain tax will be attracted.
capital gain tax will be attracted.
If it's business then land comes under stock in trade
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