It assessee sale amount received from any personal assets(motar cycle, jewellery, furniture , etc) amount credited by capital account.
Question:
Assessee sale amount from personal assets taxable or exempted in it act.
Menu
SALE AMOUNT FROM PERSONAL ASSETS TAXABLE OR EXEMPTED IN IT ACT
Replies (1)
Not taxable in case of personal effects and furnitures but taxable in case of jewellery
Recent Topics :
- DTAA benefits
- SUPPLEMENTARY AGREEMENT FOR ADDING A PARTER IN TN
- Part availmement of ITC in case of rejection of su
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
- Inward E-way bill from Tally Prime 7.1
- Query regarding exemption under Section 10(10AA) &
- NPO registered under sec 8 itr filing
- Form 144 (Earlier 27Q) – Reason Code (A/C/G/
- Nps taxation
Related Topics :
CAclubindia
