02 July 2010
can any one suggest how to tax real estate company its income and taxation and taxation for NRI selling scrips in india give example if any for both
02 July 2010
As the selling of property is the business of the real estate company hence property with them shall be considered as stock in trade and not as an asset. Hence they shall be taxed under PGBP and not under Capital Gain.
CAclubindia
