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Head of the income

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9 Points Posted on 28 August 2020
on which head the income goes when sale and purchase of land and building is the business of the assesse?
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On 28 August 2020 at 12:19 Report
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Tax and Business Consultant
11616 Points Posted on 28 August 2020
If it's business of Persons, than under head " Profit and Gain From Business and Profession"
otherwise, under head " Capital Gain"
66 Reply
On 28 August 2020 at 12:49
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CA Job
606 Points Posted on 28 August 2020

Business Income

CA Shubham Gupta
9968983550

4 Reply
On 28 August 2020 at 12:52
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9 Points Posted on 28 August 2020
But in a book I saw that write it is income from house property
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On 28 August 2020 at 13:01
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Tax and Business Consultant
11616 Points Posted on 28 August 2020
If rent received, than that 'rent income' is income from house Property......not the Purchase and sale of property
66 Reply
On 28 August 2020 at 13:06
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11 Points Posted on 28 August 2020
It is business income since it your business to purchase and sell house property
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On 28 August 2020 at 16:32


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