business or capital gain
TEJAS AGRAWAL (Article Assistant ) (78 Points)
22 August 2018he purchases the property and sale it at least after 3 years. his total property is of around 60 lakhs.
que is it preferable to show property business or should i treat ot as capital gain.
if i show business tax amout will be to high as he has kept the property for more than 3 years...
and also his shop act licence also represents property business.