Post Reply 
 
Thread Rating:
  • 0 Votes - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Head of Income
07-27-2010, 07:54 PM
Post: #1
Head of Income
A painter earns his livelihood by selling paintings. Will his profit be taxable under the head Capital Gains? What will be the treatment of loss if he suffers so?

I need this urgently.
Visit this user's website Find all posts by this user
Quote this message in a reply
07-27-2010, 09:01 PM
Post: #2
 
Jab ik painter painting bana kar sale karta hay to ye us ka capital gain nahi ho sakta, ye income us ki normal business income ho gi, kyon k jo paintings wo banata hay wo us ki inventory han or un ko sale karny say usy business income hasil hoti hay.
Visit this user's website Find all posts by this user
Quote this message in a reply
07-27-2010, 10:34 PM
Post: #3
 
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by LapTop</i>
<br />Jab ik painter painting bana kar sale karta hay to ye us ka capital gain nahi ho sakta, ye income us ki normal business income ho gi, kyon k jo paintings wo banata hay wo us ki inventory han or un ko sale karny say usy business income hasil hoti hay.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
thanks brother aap loss ka treatment bhi thora sa explain kar do plsss
Visit this user's website Find all posts by this user
Quote this message in a reply
07-27-2010, 10:44 PM
Post: #4
 
Loss declare karyn or agar koi tax withheld howa hay to usy refund claim kar layn.
Visit this user's website Find all posts by this user
Quote this message in a reply
07-27-2010, 10:58 PM
Post: #5
 
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by LapTop</i>
<br />Loss declare karyn or agar koi tax withheld howa hay to usy refund claim kar layn.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
ok thanks[)]
Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 


Forum Jump:


User(s) browsing this thread: 1 Guest(s)