Sale drawings and designs
This query is : Resolved
19 September 2014
whether capital gains is applicable on sale of drawings and designs if applicable short term or long term? .But the drawings and designs are not capitalized in books .
Nikhil Kaushik
(Expert)
20 September 2014
if the seller made the drawing himself or herself then it is a business income...if not, then LTCG/STCG will depend on holding period
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