Taxablity of income

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 April 2013 SIR

I HAVE INCOME FROM SELLING SECOND HAND MOBILES AND OTHER INCOME FROM SERVICING OR REPAIRING OF MOBILES,

PLEASE TELL ME THAT INCOME FROM SELLING SECOND HAND MOBILE IS CHARGED UNDER WHICH HEAD OTHER SOURCE OR PGBP

AND SERVICING OR REPAIRING CHARGES UNDER WHICH HEAD OTHER SOURCE OR PGBP.

PLEASE REPLY SOON

CA Sourabh Agarwal

CA Sourabh Agarwal (Expert)
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12 April 2013 If this is you regular trade activity then it would be covered in PGBP.

Querist : Anonymous

Querist : Anonymous (Querist)

12 April 2013 THANKS BUT SERVICING INCOME ALSO , AND YA ITS MY REGULER TRAD ACTICITY

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CA Sourabh Agarwal

CA Sourabh Agarwal (Expert)
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12 April 2013 Yes, both can be included in same business if it in same trade name.

CA Sourabh Agarwal

CA Sourabh Agarwal (Expert)
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12 April 2013 Yes, both can be included in same business if it in same trade name.

Querist : Anonymous

Querist : Anonymous (Querist)

12 April 2013 THANKS SIR

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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10 July 2013 Both the activities are your business activities as seller as well as repairer so it will be covered under the Profits and Gains from Business