Dear Experts,
I came here with a doubt, am a Practicing CA, and one of my Client is the Director of a Private Company indulged in Fabrication of Steel & wood structure. And they have sold a Property which belong to a Company. Now we are about to file IT Returns of the Company, and yeah the Property is sold at profit. My question to you, is whether I need to consider the profit (sale of Property) with the normal business profit, if yes how to show it in IT Returns or the profit attracts Capital Gain if this is correct how to note the same in IT Returns, please clarify. And your reply is appreciated and waiting for your valuable reply
Read more at: https://www.lawyersclubindia.com/experts/modify_message.asp?entry_id=854888
CAclubindia
