09-14-2010, 09:09 AM
assallam o alaikum
under ito 2001 ....royalty include disposal also.... sec2 54(g)...
so chargeable to other income....but sec 24 of intangibles include that gain on disposal of intangible (trademark)should be shown as income from business ....or loss as deduction to income from business.....
what should i treat .....
also if the sale of trademark is between residents what rate shou8ld
be applied....
for the purpose of clarity isint this income be treated as capital
gains????
under ito 2001 ....royalty include disposal also.... sec2 54(g)...
so chargeable to other income....but sec 24 of intangibles include that gain on disposal of intangible (trademark)should be shown as income from business ....or loss as deduction to income from business.....
what should i treat .....
also if the sale of trademark is between residents what rate shou8ld
be applied....
for the purpose of clarity isint this income be treated as capital
gains????
