Tax for old wooden and brass items
This query is : Open
24 September 2012
Hi
We are in to business of buying old condemned Teak and Rosewood furnitures , old door sets , brass utensils etc from freelance brokers , directly from owners/users , villages etc. Then we restore it and then sell it in a showroom. In this case the persons from whom we purchase are just home users and village persons where there is no tax knowledge. In my scenario what kind of Tax is there for me .
Also will these old brass items and artistical doors come under Antiques Or handicrafts etc ?
Maha
We are in to business of buying old condemned Teak and Rosewood furnitures , old door sets , brass utensils etc from freelance brokers , directly from owners/users , villages etc. Then we restore it and then sell it in a showroom. In this case the persons from whom we purchase are just home users and village persons where there is no tax knowledge. In my scenario what kind of Tax is there for me .
Also will these old brass items and artistical doors come under Antiques Or handicrafts etc ?
Maha
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