Interested to Buy Any Domain ? << Click Here >> for more details...
A person buys and sells a number of vehicles in a tax year
and makes a significant amount of profit in the process.
Will such profit be taxable as capital gain?
- 3 Answers
- 5091 Views
- I also Faced
- E-Mail Answers
Answer Posted / grace
since he regularly buys and sells it is like his business
hence taxable under PGBP
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
At what rate firms are required to pay tax on their income?
Dear Friends, Hai, i want to Know that How To Fill ETDS Return. Kindly Tell I'wll we very thankful to you. Deepak Gupa
What are the treatment & implications if party doesn't provide C Form in interstate sales transactions & also same if provide C Form.
taxes leivied on carpentar & plumbing services
what is excise return, what is form requirement and what is procedure for excise return?
what is fillup form when company issue c form
Sir Kindly tell me Where is the best institute fir SAP(FICO-CIN and New GL module specially) in Hyderabad ASAP. Regards Om 9910699167
procedure of service tax
I paid service tax double time due to web site problem for the year 2009-10, is there any chance to claim that amount if yes please tell me the process. thanking you.
what is CST % applicable on garments sales to other state?
updated rates of sales tax & VAT in Maharashtra
i had received an arrear 0f Rs.700000/- lacs for the period 1.1.2007 to 31.3.2010 and Rs.78000 for the period 1.4.2010 to 31.7.10 during aug'2010. my normal salary for 2010-11 is 400000/-. on what amount will my rent free house perquisite be calculated? i have also claimed rebate u/s 89 by distributing my arrear salary in previous years.
what is works contract tax? if a contractor made a bill as repairs to machinary 00000000/- service tax 12.36% on 40% on basic value Vat 5% on 60% of the basic value of the bill amount how can i deduct works contract tax? please suggest me?
how to modify 12% to 13.5% in tallyerp9 release 1.6
Is Service Tax chargable by Real Estate devlopers to be charged on the entire cost of the property or only on the service conent of the cost and not on the cost of land and cost of construction material? Can the developers demand Service Tax on installments paid by the buyers before the real sale takes place?
