I have a proprietorship business deal with silver jewellery. I have 10kg of silver in my personal assets valued 20000 per kg.
I want to introduce these silver in my business .
Current market value is 40000 per kg.
Thank you 💐
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I have a proprietorship business deal with silver jewellery. I have 10kg of silver in my personal assets valued 20000 per kg.I want to introduce these silver in my business .Current market value is 40000 per kg. Should i pay capital gain soon after introduced in the business ? Or only after a sale made ?
Need to make a purchase entry in my business profile ? Yes, but contra entry Hence need to pay GST in rcm? (Dated before november 2017). NO |
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" Should I pay capital gain for 20000 and 1000as profit ? Or 21000 as profit?"
"Is there any way to reduce tax sir?" Invest the CG in section 54EC CGS bonds.....
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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