Profit on sale of agricultural land after conversion is Business income or Capital gains?

EXCELLENT PRE BUDGET MEMORANDUM BY DIRECT TAXESPROFESSIONALS’ ASSOCIATION

No denial of capital gain exemption u/s 54F merely for the reason that assessee had later on let out said new property for commercial purpose to run restaurant

TCS on Overseas tour Package is applicable even on B2B transactions

Unaccounted income of around Rs. 1,000 crore in the Income Tax Raid at Chennai

Revising the Tax Audit Report: An option at e-fling portal

Gift received on Birthday / Anniversary in cash of an aggregate amount exceeding Rs. 2 Lakh is violation of Section 269ST

Alleged unexplained creditors: Assessee is not expected to prove genuineness of cash deposited in bank account of those creditors

No disallowance u/s 43B if the amount is not claimed as deduction

Remuneration or commission paid to employee is to be considered as part and parcel of salary

Validity of Addition u/s 68 on receipt of unexplained gift if there is no relation between assessee and donor

Validity of Detention of goods alongwith vehicle for Minor error in e-way bill in entering distance

Taxation if Income arising from sale of lease of property that was held as investment

Exemption under section 11: Income-tax payment made by assessee was an application of income

Agricultural Income: Even Nursery at Home could result in Agricultural Income

Allowability of Set off of loss in respect of Sham and collusive transactions between the sister concerns

The activity of preparation of development plans and to execute works in connection with supply of water, disposal of sewerage and provisions of other services, is a “charitable activities” eligible for exemption under section 11

Income Tax Return filing by a CA firm @ Rs. 90/-: What more ?