Capital gain or business income treatment
This query is : Resolved
19 July 2024
Sir,
A partnership firm business in buying land and conversion to plot and selling plots.
Question:
Assessess capital gain tax or business income treatment in it act.
A partnership firm business in buying land and conversion to plot and selling plots.
Question:
Assessess capital gain tax or business income treatment in it act.
19 July 2024
If GST registered business, it will be business activity..
If not registered , better to declare it under capital gain.
If not registered , better to declare it under capital gain.
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