Wealth tax
Kunal (Article) (90 Points)
26 March 2014
JAINENDRA JAIN
(ACS/CA)
(1668 Points)
Replied 26 March 2014
genrally urban land for industrial purpose is exempted for years from ate of its acquisition and land held as stock in trade is exempted.
urban land for other commercial purpose are not specified.
check the link for more details:
https://www.bcasonline.org/articles/artin.asp?952
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