Income from Flat Sales: Capital Gains or Business Income? Intent and Holding Period Key to Classification.

Income from Flat Sales: Capital Gains or Business Income? Intent and Holding Period Key to Classification. https://www.taxtmi.com/highlights?id=50955 Nature of activity - Capital Gains/loss or income from business - sale of flats - there is a merit in the contentions of the assessee that if the intentions were to deal on a systematic and repetitive manner, then no businessmen will lock its funds for three years for his trading activities. en-us Mon, 30 Dec 2019 14:11:09 +0530 Mon, 30 Dec 2019 14:11:09 +0530 TaxTMI RSS Generator Income from Flat Sales: Capital Gains or Business Income? Intent and Holding Period Key to Classification. https://www.taxtmi.com/highlights?id=50955 Nature of activity - Capital Gains/loss or income from business - sale of flats - there is a merit in the contentions of the assessee that if the intentions were to deal on a systematic and repetitive manner, then no businessmen will lock its funds for three years for his trading activities. Highlights Income Tax Mon, 30 Dec 2019 14:11:09 +0530 https://www.taxtmi.com/highlights?id=50955