The Income Tax Act ____ HomeFinancial Accounting MCQsThe Income Tax Act ____Q. The Income Tax Act ____A. 1958B. 1968C. 1972D. 1961Answer: 1961
Rohit carrying on real estate business sold a piece of land for Rs.4,00,00,000 (cost Rs.3,50,00,000) then the type of receipt is nature and profit on sale is