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Sale of club membership

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 May 2016 Dear Sir,

how I disclose capital gain on sale of club membership in income tax return
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
12 May 2016 When you have purchased the club membership by payment of deposit money you must have shown as appearing on assets side. If it is above 3 years and now you are selling it then the difference between the amount received and amount previously paid by you will be the capital gains.
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Rupesh Jain

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Rupesh Jain (Expert)
13 May 2016 if you buy the same, then you calculate the gain diff of the sell and cost if old than three years.



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Querist : Anonymous

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Querist : Anonymous (Querist)
23 May 2016 cost indexation require

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