Capital Gains
This query is : Resolved
28 December 2009
Is Computer a Capital Asset OR Personal Effect for an individual who is a salaried employee and the computer is being used by him & his family at home????
28 December 2009
It is a personal effect if the use is personal.
28 December 2009
Thanks sir. But i am taking coaching of DT from Mr. Vinod Gupta who said it will be a Capital Asset. I thought there must have been a Case Law on this.
28 December 2009
Thanks sir. But i am taking coaching of DT from Mr. Vinod Gupta who said it will be a Capital Asset. I thought there must have been a Case Law on this.
Arjuna Raina
(Expert)
28 December 2009
Computer is a personal effect and it will not be taxable as capital gains.
But personnel effect doesn't include:
1. jewellery's
2. paintings
3. scluptures etc
But personnel effect doesn't include:
1. jewellery's
2. paintings
3. scluptures etc
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