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Query about income tax

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(Querist)
25 June 2013 dear sir
i want to ask u about the query that we have purchased a piece of land in the year may 2000 on the personal basis

but in year 2010, i made some flats on that land and sale all flats in same accounting year now i want to know that this income is computed as income to the business or income to personal account...
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
29 July 2013 It is income from capital gains

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