Tax

Tax queries 399 views 1 replies
User Avatar

senior excutive
100 Points Joined November 2011
As we know when the stock in trade is sold there is no capital gains but when jewellery which is sold in SIT in which head profit from SIT is chargable whether PGBP or in CAPITAL GAIN?
Reply Share Follow
On 08 February 2012 at 21:23 Report
Replies (1)
User Avatar

BCom CA DISA Forensic Auditor
288 Points Joined August 2007
any profit or gain from sale of Stock in Trade is always taxed under PGBP. it makes no difference if you sell wood or gold.
1 Reply
On 08 February 2012 at 22:18


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post