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Taxable Income

I sold a large piece of land by dividing into smaller plots. Would this one time activity still be considered as business activity?

Yes. Under the income tax Act even a solitary activity of this nature will be considered as an adventure in the nature of trade and taxed as business income.

Salaries

Income from House Property

Capital Gains

Income from Other Sources

Wealth Tax

TDS

PAN

General

Taxable Income

Return of income

Assessment

Due dates for filing tax returns

Deductions

NRIs

Sections
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