Income tx
This query is : Resolved
27 May 2014
Income from selling household appliances? Is it taxable under any head??
Nikhil Kaushik
(Expert)
28 May 2014
it is not taxable. household appliances covered under personal use items.
Rupesh Jain
(Expert)
28 May 2014
it is not taxable it is your personal ue items.
CA Nilesh P. Kanodia
(Expert)
28 May 2014
Dear Madam,
Selling of Household appliance is your business then it is taxable under business and profession.
or
if you are selling your personal Household appliances then its not taxable, because capital gain is not applicable on personal effects.
Selling of Household appliance is your business then it is taxable under business and profession.
or
if you are selling your personal Household appliances then its not taxable, because capital gain is not applicable on personal effects.
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