Income Tax Implications

131 views 1 replies
Help....

There is a commercial Property with 2 floors..

Wherein, Ground floor has been rented and rest floors are occupied for own business purpose.

Now if the property is entirely sold off than in that case whatever i gain shall be treated as

1) Inc. from B&P
2) Inc. from Cap Gain

Note: business of Property owner is dealing in shares and securities...
Replies (1)
Income from capital gain because income fall under the head of capital gain where two condition must be satisfy capital asset + transfer


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register