Real estate business -doubt

Dear frds / experts,

Lands buying and selling business comes under which category? Capital gains or PGBP?
Replies (3)
Quick Summary
This discussion clarifies whether the business of buying and selling land falls under Capital Gains or Profit and Gains from Business or Profession (PGBP) for tax purposes. Experts confirm that it is generally considered a business and thus falls under PGBP. While there's an option to choose the declaration pattern in the initial year, consistency is required in subsequent years.

When you say its business..... then obviously under PGBP....

Thank you Sir...

My Pleasure...

Still assessee has an option to select declaration patter in the initial year, but once opted, should declare under the same head in future.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
04 August 2026
ACCOUNTANT

CA RAM KISHOR KUMAR

Others

B.Com

View Details
Company
19 August 2026
Chartered Accountant - Financial Consolidation & Reporting

Synergy Keystone

Mumbai

CA

View Details
Company
18 August 2026
Audit Assistant - Remote / Work From Home

CA ANOOP P K & ASSOCIATES

Kozhikode

CA Inter

View Details
Company
19 August 2026
PAID ARTCILE ASSISTANT

My Legal Tax Consultants Pvt. Ltd.

Noida

CA Inter

View Details
Company
Featured 04 August 2026
Chartered Accountant

KayOne Consulting

Chennai

CA

View Details
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 17 August 2026
CA Article Trainee

ASC Group

Noida

CA Inter

View Details
Company
11 August 2026
Manager / Senior Manager - Statutory Audit

CommerceCareer

New Delhi

CA

View Details