It doubt for jewellery transaction and rent income new scheme
This query is : Resolved
Kollipara Sundaraiah
(Querist)
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..
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
- EPF ECR NEW FILE SEP 17TH 2026
- Gst registered proprietorship firm
- SALARY CAN BE CAPITALIZE
- TAX AUDIT ON PROFESSIONAL INCOME
- Non filing of I T Returns
- TDS on purchase of under construction property from a reseller
- GST Intimation due to Government took possession of Business Premises under PPE Act
- Capitalgain tax purposes for valuation report compulsory
- TDS on Fixed Assets purchased
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Under marginal scheme
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
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
