Capital gain

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DharmeshRaiyarela (Querist)
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01 August 2014 If I make painting and sale So the income from sale of painting iz count in head income from capital gain?

Nikhil Kaushik (Expert)
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01 August 2014 no. it should be accounted as business/profession income. The resale of painting though shall be treated as capital gains

Rupesh Jain (Expert)
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02 August 2014 NO IT IS INCOME FROM BUSINESS AND PROFESSION .

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