Menu
income from business
short term capital
Replies (4)
Can't understand you query
profit on machiney (Short term capital) ₹10000 this is show in p&l account credit side
this amount where you treated in income from business
this amount where you treated in income from business
In income tax it will be not shown as income rather it will be deducted from the block of asset.
From block of asset you have to deduct entire sales proceeds of that asset
Long-term capital gains on stocks and equity mutual funds are not taxed. Butshort-term gains are taxed at 15%. In case of debt mutual funds, both short-termand long-term capital gains are taxed. Short-term capital gains are added to the income and taxed as per the individual's income tax slab.
gst software for hotel, gst software demo,
Recent Topic
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
Related Topics
CAclubindia
