Capital gains

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Kapil Beri (Querist)
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01 September 2014 Purchased a pistol for Rs 75000 three years back.Now willing to sell the same.does it attract capital gains & what % kindly help.

CS,CA F,Numrologi TusharSampat (Expert)
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01 September 2014 the ans is no as its personal effect and not a capital asset but income is chargeable as income from other sources

Kapil Beri (Querist)
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02 September 2014 Thank You Mr Tushar Sampat

CS,CA F,Numrologi TusharSampat (Expert)
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02 September 2014 You are welcome kapil beri

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