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
Rupesh Jain
(Expert)
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?
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