Section 44AD read with section 45(2)

This discussion explores whether Section 44AD can be applied to the sale of urban agricultural land that has been treated as stock-in-trade under Section 45(2). The core question is whether land, when converted to stock-in-trade, qualifies for the eligible business provisions of Section 44AD for individuals. Participants debate the validity of treating land as stock-in-trade without conversion to constructed property and question the business classification for such sales.