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Sale drawings and designs

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(Querist)
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 .
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Nikhil Kaushik

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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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