If some one is doing the business of Land sale and Purchase so it is treated as Trading Business or Cpaital Gain ?
Mahendra Kumar Vasudeo (Accountant) (40 Points)
12 August 2013If some one is doing the business of Land sale and Purchase so it is treated as Trading Business or Cpaital Gain ?
Pooja
(Final CA)
(502 Points)
Replied 12 August 2013
If it is your business to purchase and sell Land, then it is Income from Business and not Capital Gain.
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