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land as stock in trade

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(Querist)
16 May 2010 my company wants to sell the land held as stock in trade for 4 years.what are the tax implications in this case.
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
18 June 2010 Profit on sale of land will taxable under head PGBP and you claim expense incurred as normal business during the year.

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