Capital Asset
This query is : Resolved
23 October 2009
If a person Sold Personal Movable Property which is not a Capital Assets as per section 2 (14).
Then from where we can show the gain or loss in the Computation of Total Income.
If a person Sold Personal Movable Property which is not a Capital Assets as per section 2 (14).
Then from where we can show the gain or loss in the Computation of Total Income.
Guest
Guest
(Expert)
23 October 2009
No capital gains tax is payable on the sale of personal effects, hence should not be shown in computation...
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