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Taxation law

(Querist) 09 February 2013 This query is : Resolved 
A PERSON HAS AGRICULTURE LAND CONVERTED TO NA PLOT HE WANTS TO CONSTRUCT RESIDENTIAL PROPERTY WHAT WILL BE EFFECT IN INCOME TAX IF LAND TAKEN IN PROFIT & LOSS A/C WHETHER CAPITAL GAIN WILL ARISE AND WHAT WILL BE THE EFFECT IF HE DO NOT TAKE LAND IN PROFIT LOSS PLEASE ADVICE
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ajay sethi (Expert) 09 February 2013
raise this query in CA Club idnia .
Raj Kumar Makkad (Expert) 09 February 2013
I also suggest the same thing.

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