Tax treatment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 February 2018
Assessee is engaged in the business of letting out of properties for rental income. What is the tax treatment if one of the properties held as stock in trade (for more than one year and its expected rent has been charged to tax under income from Hp in the previous year) has been sold during the year?
20 February 2018
income from sale of property in your case shall be shown as business income
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