Long term cap gain on sale of gold, how to show?
This query is : Resolved
Quick Summary
29 June 2024
FOR LONG TERM GAIN ON GOLD -->
DO WE HAVE TO DECLARE just THE AMOUNT OF long term GAIN
OR
WE HAVE TO DECLARE IN DETAIL in itr (i.e. GRAMS, DATE OF PURCHASE, cost of purchase, DATE OF SALE ETC? )
MY VIEW-->declare full details including grams
(script wise notification for grandfaher capital gain is only for shares not for gold)
DO WE HAVE TO DECLARE just THE AMOUNT OF long term GAIN
OR
WE HAVE TO DECLARE IN DETAIL in itr (i.e. GRAMS, DATE OF PURCHASE, cost of purchase, DATE OF SALE ETC? )
MY VIEW-->declare full details including grams
(script wise notification for grandfaher capital gain is only for shares not for gold)
Dhirajlal Rambhia
(Expert)
29 June 2024
Declare total cost of purchase with indexation. GF benefit is only under Sec. 112A IT act.
Dhirajlal Rambhia
(Expert)
29 August 2024
Good Luck.
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