for financial year 18-19 a person has sold Land by doing plotting in his agricultural land but the land use has not changed
can he show this it as stock in trade and file is return under section 44ad
by taking the total value of land showed as turnover and profit more than 8%
If it is a rural agricultural land, then better to show as capital asset and consequently no capital asset.
In case of any other agricultural land, it is still better to show as capital gains income only.
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