For capital gain

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
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%


Avatar

Querist : Anonymous

Profile Image
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.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query