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Valuation of land & building

(Querist) 23 August 2013 This query is : Resolved 
When P&L A/c credited on A/c of valuation of Land & Building with debiting L&B A/c, is it the income of partnership firm? Under which head it is chargeable if is it to eligible to tax? What is income tax rate? Can against this set off of Business loss is eligible? If not please support with sanction.

My opinion on Above Query
chargable to PGBP U/S 24 (iv)
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R.K Nanda (Expert) 24 August 2013
contact tax lawyer.

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