Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 May 2014
I would like to know tha tax implication of selling a business asset? I.e. sale of stock?
31 May 2014
if you are selling the normal business stock, it would be accounted for as business income.
if the stock you are referring to is some other asset, capital gains shall apply as they do in normal case.
if the stock you are referring to is some other asset, capital gains shall apply as they do in normal case.
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