Sell of personal antiq item
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 September 2015
Please tell me i want to sell my personal antiq item to anyone. but he said to me that he will give all money almost (2 cror) online tranfer. but i am little consfused that what will happen in incometax & what is tax realted problem for me. please resolve my problemm.
Sandeep
9799153444
Sandeep
9799153444
CA Mehta Ankur N.
(Expert)
30 September 2015
Congratulations... for such a big deal
It will be treated as capital asset and capital gin tax will be arise as per holding period short term or long term.
It will be treated as capital asset and capital gin tax will be arise as per holding period short term or long term.
CA Mehta Ankur N.
(Expert)
30 September 2015
BTW i am also having hobby of collection old coins , notes & was having tickets also but as of now no tickets only coins & notes.
CA. Amit G. Chandani
(Expert)
30 September 2015
Unless it is any jewelery, archaeological collection, drawing, painting, sculptures or work of an art, there is no capital gain/income tax on sale of any personal item.
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