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Capital gain or business income treatment

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(Querist)
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.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
19 July 2024 If GST registered business, it will be business activity..
If not registered , better to declare it under capital gain.

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