wealth related queries
This query is : Open
28 May 2017
suppose I m jeweller I have some ornament which I show them as wealth in earlier days. Now I want to introduce it in my business as an asset can I introduce it in business or not
28 May 2017
You can introduce same as your business assets.
28 May 2017
but how . whether income tax department will raise some queries or not. can you tell me how I can introduce it
28 May 2017
No queries raised by IT Deptt. as same is taxable when it is sold out to customer under both capital gain & business and profession head.
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