Friends please resolve the following for me -
Amount invested in property to be constructed - 6720000/- on 18/10/2007
Investment in property converted into loan @ 24% of value 10200000/- on 17/12/209
Will the difference(10200000-6720000) be taxable as STCG on sale of right or as income from other sources?
Will it make any difference if the assessee is a Non Resident?