Sale purchase of plot
Pradnya (student) (217 Points)
25 July 2022
Frequent sale and purchase of plots comes under income from capital gains or business income??
2 Replies
rama krishnan
(12239 Points)
Replied 25 July 2022
It's adventure in the nature of trade and hence it's pgbp
CA PARTH SHAH
(In Practice)
(1951 Points)
Replied 26 November 2022
If the Assessee is in the business of Buying and selling of plots, then it has to be considered as business income and not income under capital gains.
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