Capital gain
This query is : Resolved
31 May 2016
I want to know the taxability of capital gain arising on antique items found from somewhere.
31 May 2016
in that case sale price will be taken as sales consideration and time of holding from the previous owner from that assessee take the assets. capital assets old than 36 month taken as long term assets and profit taxable as long term capital gain and document of previous own the assets and amount will take as written on it and take indexation .benefit , if you get exceeds from indexation then you have to pay capital gain tax.
you can see
www.livemint.com › Money › Did You Know
you can see
www.livemint.com › Money › Did You Know
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