It doubt for jewellery transaction and rent income new scheme
This query is : Resolved
17 February 2022
Sir,
One of the individual status it person purchase of jewellery value rs:2 lacs another date purchase of jewellery value rs:3 lacs
If another date sales of jewellery value rs:2,50,000/-
Q.no.2. assessee rental income received from commercial property rs:3 lacs
Doubt:
1.assessee purchase and sale of jewellery different dates transaction treatment in books,it returns and capital gains tax applicable.
2. 30 percent rebate and housing loan interest amount on rental income eligible new scheme opted it filed person.
One of the individual status it person purchase of jewellery value rs:2 lacs another date purchase of jewellery value rs:3 lacs
If another date sales of jewellery value rs:2,50,000/-
Q.no.2. assessee rental income received from commercial property rs:3 lacs
Doubt:
1.assessee purchase and sale of jewellery different dates transaction treatment in books,it returns and capital gains tax applicable.
2. 30 percent rebate and housing loan interest amount on rental income eligible new scheme opted it filed person.
26 February 2022
1. If it is not business, capital gains liability will arise..
2. Not eligible..
2. Not eligible..
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