For capital gain

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Querist : Anonymous

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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%


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Querist : Anonymous

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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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