Whether sale of my stamp collection is taxable or not
This query is : Open
13 March 2015
I have shown my stamp collection as investment in my balance sheet. Please guide me whether the sale of same will be taxable or not and under which head.
13 March 2015
Taxable under the head 'capital gains' if sold not to the institutions specified in section 47(ix).
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13 March 2015
Sir how shall i classify it as short term or long term.....because i have no purchase bill for it......
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