Help....
There is a commercial Property with 2 floors..
Wherein, Ground floor has been rented and rest floors are occupied for own business purpose.
Now if the property is entirely sold off than in that case whatever i gain shall be treated as
1) Inc. from B&P
2) Inc. from Cap Gain
Note: business of Property owner is dealing in shares and securities...
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Income Tax Implications
Replies (1)
Income from capital gain
because income fall under the head of capital gain where two condition must be satisfy
capital asset + transfer
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