TREATMENT OF REAL ESTATE BUSINESS

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..... Dear professionals, My client is a partnership firm doing real estate business by way of buying land and converting in to plots and selling the plots. My doubt is whether income from this activity is .....

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..... Income from Business or under capital gain. Pls suggest - Reply By Padmanathan Kollengode - The Reply = The query itself suggests that the activity of firm is business of buying and selling land. Ther .....

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..... e must be a recital in the partnership deed to this effect. Therefore, it appears that the income would be taxable under the head profit or gains from business/profession. For academic interest, also .....

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..... check COMMISSIONER OF INCOME-TAX VERSUS (1) SOHAN KHAN (2) MOHAN KHAN 2008 (4) TMI 142 - RAJASTHAN HIGH COURT : G. VENKATASWAMI NAIDU AND COMPANY VERSUS COMMISSIONER OF INCOME-TAX 1958 (11) TMI 5 - SU .....

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..... PREME COURT - TREATMENT OF REAL ESTATE BUSINESS - Query Started By: - SUDHAKAR SIVARAMAN Dated:- 17-7-2024 Last Replied Date:- 21-7-2024 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - K .....

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..... nowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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