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Is sale of stock and other items are short term capital gain

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14 Points Posted on 11 February 2020
is sale of stock and other items are short term capital gain
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On 11 February 2020 at 16:40 Report
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student
178 Points Posted on 11 February 2020
Stock in trade is not a capital asset , hence capital gain doesn't arise.
Sale of stock and other items is income from business.
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On 11 February 2020 at 17:46
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12244 Points Posted on 11 February 2020
Sale of other items I. e fixed assets will be chargeable to tax as short term capital gain
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On 11 February 2020 at 22:11
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14 Points Posted on 11 February 2020
Thanks
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On 11 February 2020 at 22:16
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12244 Points Posted on 11 February 2020
You are always welcome
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On 11 February 2020 at 22:24


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