Save Rs 499. Go Ad-Free with CAclubindia Pro for 2 Full Years. Subscribe Now!

banner_ad

Indexation benefit on Painting

Others 285 views 3 replies

Tejas shah

Sweeper

163 Points Posted on 28 February 2019

I have a painting acquired in Fy 2009-2010...and have sold the painting in FY 2017-18 can i claim the indexation benefit on the same as it was an asset in my balance sheet for Capital Gains purpose????

pls reply

Replies (3)

SHIVANI KUDTARKAR

512 Points Posted on 01 March 2019

yes benefit of indexation can be availed

PUSHP KUMAR SAHU

CA FINAL ASPIRANT

3115 Points Posted on 07 March 2019

yes you can avail the benefit

Gaurav

SELF EMPLOYED

100 Points Posted on 07 March 2019

Yes indexation benefit is available as it is a long term capital asset.

CCI Pro

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register

Recent Topic

More recent discussions | Post

Related Topics

Latest Job Openings

View all

Featured 27 May 2026

Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details

ARTICLESHIP 31 May 2026

Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details

Featured 27 May 2026

Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details

ARTICLESHIP 08 June 2026

Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details

ARTICLESHIP 27 May 2026

CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details

22 May 2026

U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details

19 May 2026

Accountant

ca kunjan

Mumbai

CA Inter

View Details

16 May 2026

Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details