Income from the sale of the property - capital gains or business ...
Income Tax
August 29, 2019
Income from the sale of the property - capital gains or business income - the quantum or number of investments i.e. whether the assessee invested in a single property or in many small properties to get better appreciation, does not change the nature of the investment to categorize it as business transaction - directed to treat the income from the sale of property as under the head ‘capital gain’
View Source
