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capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 July 2011 assessee sold an antique peace
for 1,000,0000
Transfer Year 2011-12

purchased in 1971 10000

it is taxable or not

if yes @ what rate ?
under which section
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
14 July 2011 Please write clear, Antique peace what nature is it capital asset nature?
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Querist : Anonymous

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Querist : Anonymous (Querist)
18 July 2011 YES IT IS CAPITAL NATURE
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