Capital gains and other sources
This query is : Resolved
22 June 2013
Dear Experts,
Is there any provisions regarding sale of furniture used by the assessee for personal purpose, will it come under Income from other sources.
Assessee is and individual tax payer having business and other incomes
if it is taxable please provide section number or any case laws.
Thanks in advance
Is there any provisions regarding sale of furniture used by the assessee for personal purpose, will it come under Income from other sources.
Assessee is and individual tax payer having business and other incomes
if it is taxable please provide section number or any case laws.
Thanks in advance
22 June 2013
UNDER INCOME TAX ACT CAPITAL GAIN NOT CHARGABLE ON
PERSONAL ITEMS WHICH ARE NOT SPECIFIED
FURNITURE NOT COVERED UNDER CAPITLA GAIN
PERSONAL ITEMS WHICH ARE NOT SPECIFIED
FURNITURE NOT COVERED UNDER CAPITLA GAIN
22 June 2013
But am asking about income frm other sources sir,whether such income will cme under it?
-
-
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Salary and pension received from Asian Development Bank
- Free lancer income
- Regarding IMS Mandatory from 1st July 2026
- What is provisional receipt number for generation of form 16A
- Capital Gain on EUITY Shares
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
