For capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 April 2014
If Any Individual Exchange Their Old Gifted Ornament & Purchase New Gold Ornament so how will Capital Gain calculation in this case .
21 April 2014
capital gain =
sale price-cost acquisition ( purchase price X index cost of Current year/purchase year index)-exp. on sales if any= capital gain
it will taxable @ 20.60%
sale price-cost acquisition ( purchase price X index cost of Current year/purchase year index)-exp. on sales if any= capital gain
it will taxable @ 20.60%
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 April 2014
But On this Sales Price Again Re-investment in Gold Ornament. Can we will claim for Exemption u/s 54 ?
21 April 2014
not under 54 but under 54EC or 54F.
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