Tag Archives: Section 10(1)

Profit from sale of agricultural land is not book profit in Section 115JB

By | September 8, 2015

Q Whether Profit from sale of agricultural land would be included for purpose of computing book profit under section 115JB ? Profit from sale of agricultural land would not be included for purpose of computing book profit under section 115JB Profit arising on sale of agricultural land, which does not fall in the category of “Capital Asset”… Read More »