Business income or capital gains income
Kollipara Sundaraiah (B.com) (2963 Points)
12 November 2021question:
assess business income or capital gains tax applicable treatment in it act
Kollipara Sundaraiah (B.com) (2963 Points)
12 November 2021
CA Aakarsh Jain
(CA)
(10429 Points)
Replied 12 November 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 13 November 2021
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 13 November 2021
Rural agricultural land is not a capital asset and hence no tax on capital gain.
Not sure if we can tax this under PGBP.
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 13 November 2021
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)