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????
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Indexation benefit on Painting
Replies (3)
yes benefit of indexation can be availed
yes you can avail the benefit
Yes indexation benefit is available as it is a long term capital asset.
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