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
3 Replies
PUSHP KUMAR SAHU
(CA FINAL ASPIRANT)
(3115 Points)
Replied 07 March 2019
yes you can avail the benefit
Gaurav
(SELF EMPLOYED)
(100 Points)
Replied 07 March 2019
Yes indexation benefit is available as it is a long term capital asset.
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