what is the tax liability on sale of used houseold goodse like cots /lap top / tv/utensils etc.?
How do you treat the income received on sale of thse items. ?
can we treat them as capitagoodse ans show as long term capital gain ?
3 Replies
jvratnam
(Others)
(109 Points)
Replied 27 June 2017
Thank you , Mr.manish
Where do you report this income in ITR.. Can we show this under Exempted Income schedule in ITR ?
Under what head of account we should show in balance sheet ?
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