Capital gain on gold purchased abroad
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 January 2013
I have purchased gold in Australia in 2011 and I want to sell it now for purchase of house. How to calculate capital gain because gold was bought by paing AUD and on selling I will get INR
09 January 2013
The rate to be taken is SBI TT selling rate as on that rate.
Even you can take the rate at which you bought the AUD on that date, if any.
Even you can take the rate at which you bought the AUD on that date, if any.
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