Real estate business -doubt
Maya (Student) (663 Points)
31 December 2021Lands buying and selling business comes under which category? Capital gains or PGBP?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177852 Points)
Replied 31 December 2021
When you say its business..... then obviously under PGBP....
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177852 Points)
Replied 31 December 2021
My Pleasure...
Still assessee has an option to select declaration patter in the initial year, but once opted, should declare under the same head in future.