sale of JCB by farmer
This query is : Resolved
Shashikant
(Querist)
02 June 2017
Is sale of JCB by farmer taxable? Under what section is it exempt? He do not have any other source of income. apart from that he had purchased JCB from accumulated agriculture Income.
02 June 2017
Sale of JCB is not taxable as it is not a capital asset.
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