https://www.taxtmi.com/forum/issue?id=106395 Sale of non agricultural land is ordinarily classified as Long Term Capital Gain where the seller is not engaged in the business of dealing in land; if the seller is in the business of land trading, proceeds are treated as Business Income. The characterisation depends on surrounding circumstances and transactional history rather than the holding period alone, and a solitary sale absent other indicia of trading may be treated as capital gain even if held for a shorter period. en-us Wed, 08 Jan 2014 13:29:54 +0530 Thu, 23 Jan 2025 15:57:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=106395 Sale of non agricultural land is ordinarily classified as Long Term Capital Gain where the seller is not engaged in the business of dealing in land; if the seller is in the business of land trading, proceeds are treated as Business Income. The characterisation depends on surrounding circumstances and transactional history rather than the holding period alone, and a solitary sale absent other indicia of trading may be treated as capital gain even if held for a shorter period. Discussion-Forum Income Tax Wed, 08 Jan 2014 13:29:54 +0530 https://www.taxtmi.com/forum/issue?id=106395