https://www.taxtmi.com/forum/issue?id=121092 Income-tax treatment of receipts from a business that acquires vacant sites, constructs residential houses, and sells them to customers is in issue. The query considers whether the activity may be covered by presumptive taxation under section 44AD or should fall under the capital gains framework. The business is GST-registered and has disclosed turnover from the residential property sales in its GST returns. en-us Fri, 28 Aug 2026 18:03:14 +0530 Fri, 28 Aug 2026 20:26:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=121092 Income-tax treatment of receipts from a business that acquires vacant sites, constructs residential houses, and sells them to customers is in issue. The query considers whether the activity may be covered by presumptive taxation under section 44AD or should fall under the capital gains framework. The business is GST-registered and has disclosed turnover from the residential property sales in its GST returns. Discussion-Forum Income Tax Fri, 28 Aug 2026 18:03:14 +0530 https://www.taxtmi.com/forum/issue?id=121092