If i sell an antique watch for Rs 10 lakhs, is it taxable and if so the rate of tax
2 Replies
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 22 March 2019
no personal assets are not taxable
RAMAKRISHNAN R
(INCOME TAX OFFICER)
(1736 Points)
Replied 22 March 2019
in my opinion antique materials falls under the category of capital asset and will be charged to tax on sale
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