whether person carrying land and building business, is he fall in sec 50 C catagory ?
Sunshine
(Helping All)
(10575 Points)
Replied 25 June 2011
i dont think so....if he runs a business where is the question of capital gain?
chaitanya cherukuri
(Articled Student)
(241 Points)
Replied 25 June 2011
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 26 June 2011
| Originally posted by : chaitanya cherukuri | ||
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First to attract dis section an asset shud be capital asset. Stock in trade is not a capital asset hence no application of sec.50c |
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NO
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