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TDS for paintings

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TDS rate for buy/sell ART painting like antique, modern contemporary ART
Replies (3)
As per my knowledge such thing is not covered under TDS unless until buy from NRI... as NRI payment covers u/s 195..
But since GST of 12% is there, how to treat income for taxation
1.There is no specific TDS sec for making payment for Art painting
2. As GST will be taxable @ 12% and you are engaged in business of purchase and sale of painting and art this income will be calculate under PGBP head means your business income as per income tax


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