Does buying and selling of lands is trading
Atharv Sankliya (1359 Points)
16 February 2022
does buying and selling of lands is trading business??
4 Replies
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 16 February 2022
If nature of business is buying and selling the land then it will come under trading only
Atharv Sankliya
(1359 Points)
Replied 16 February 2022
Yes and land are stock in trade for the business ??
sabyasachi mukherjee
(27864 Points)
Replied 17 February 2022
Commercial Lans and property dealer.
capital gain tax will be attracted.
capital gain tax will be attracted.
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 17 February 2022
If it's business then land comes under stock in trade
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