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Please Help: tax on livestock

Posted Date : 29-May-2012 , 10:03:27 am | Posted By: Vandna

Category : Income Tax | Answers : 0| Comments : 1| Hits: 167

plz tell me what will be treatment of livestock. a person have pension income and have some cattles but not any dairy farm. he sale and purchases this cattles after six months what will be treatment of this sale & purchases of cattles under income tax act 1961. are there any treatment in income tax return. which ITR should be fill

Comments
Posted By : Arihant 29-May-2012, 10:19:42
I think it shall be treated as short term capital gain..
 

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