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capital gain
If we sell a business land, will I have to pay an income tax? And if we reinvest, then what would be the rebate capital gain tax ?
Replies (2)
if it's treated as stock in trade then such sales will be treated as business transaction....if it's capitalized in books of accounts..then such sale wi attract capital gains....and to Calum exemption you can do so under 54 EC
i am waiting
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