Change in the head of income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 January 2013
THE ASSESSEE HAS MAIN OBJECT OF BOOKING TICKETS AND AS AN ANCILLARY OBJECT IT HAS PURCHASE OF PROPERTY IT SHOULD BE CHARGEABLE IN CAPITAL GAIN OR PGBP ??
KINDLY SUPPORT WITH CASE LAWS OR SECTION
KINDLY SUPPORT WITH CASE LAWS OR SECTION
06 February 2013
Purchase of Property doesnt mean to Capital gain. If there is a sale of property then it comes under the head of Capital Gain. There is no any inter-alia with Business.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- RCM INVOICING FROM NOV-2024
- Tds on building rent monthly
- Should I be worried about and rectify reporting Jan,Feb ,March 2024 foreign salary in schedule FA?
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
