Business or capital gain income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 February 2012
1. Can a person make the propertiership firm to sale and purchase property.2. And the firm income will be treated as business income or capital gain income ? 3.and rent paid for office building and interest paid is allowed from sale or purchase of property?
29 February 2012
1. Yes
2. Income will be treated as Business Income.
3. Yes, expenses can be claimed against the Gross Profit.
2. Income will be treated as Business Income.
3. Yes, expenses can be claimed against the Gross Profit.
01 March 2012
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