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Taxability of a pinter

This query is : Resolved 

18 September 2013 sir/mam,
I have a friend of mine who is a painter by profession and he has sold painting of worth rs.200000 in PY 2012-13 without payment of any kind of tax to individuals. and he needs to get his return filed Is there any tax liability on such sale , if any then under which head .

Thank you in advance

19 September 2013 so as there is a basic exemption of 2lakhs,,even though you take total 2 lakhs as income you not required to pay any tax

20 September 2013 Under what nature of business it must be categorised .any idea?


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