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Capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 May 2014 I would like to know tha tax implication of selling a business asset? I.e. sale of stock?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
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.
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