Capital asset
This query is : Resolved
10 October 2011
sir/mam
whether bullion is a capital asset under sec 2(14) of income tax act as it is specifically included included in definition of property in finance act 2010 for the income from other source property valuation under 56(2)(vii)
whether bullion is a capital asset under sec 2(14) of income tax act as it is specifically included included in definition of property in finance act 2010 for the income from other source property valuation under 56(2)(vii)
11 October 2011
Yes bullion is a capital asset
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