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Tax Column


I am an individual and I own various paintings which I had acquired almost 20 years back and always treated them as personal assets. If I sell these paintings, these would fetch Rs 2 crore. I am planning to sell these paintings. Could you please explain what are the tax implications? 

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Index trend and stocks in action May 21, 2019

Karan DSIJ / Article rating: 3.5

The all-time high level of 11,856 will be closely monitored by the traders as sustaining above this level would further strengthen the bulls and the gates for the level of 12,000 would open up. On the downside, the level of 11,750 would be a crucial support for the Nifty. Stocks in news: PC Jeweller, ICICI Bank, GAIL, Adani Green Energy, Dynamic Cables, Panacea Biotec, Indostar Capital Finance.