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Reg: Capital gain

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(Querist)
14 March 2008 how to compute the capital gain of jewwelry, sale of business to another person & explain me the ways to calculate that Capital gain
If it is a longterm it is taxable at 20%
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
14 March 2008 It will be better if you cite a specific instance, as it will be very elaborate to answer this question in general
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CA Hemant T Dewani

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CA Hemant T Dewani (Expert)
14 March 2008 if you are trading in jewlary the there is
no capital gain because in trading activity it is stock in trade if jwelary is an investment then capital gain tax is applicable
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CA Saurabh Maheshwari

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CA Saurabh Maheshwari (Expert)
14 March 2008 iIF TRADING ACTIVITY THAN IT IS STOCK AND BUINESS INCOME WILL ARIVE ON SALE AND IF THE NATURE IS INVESTMENT THAN CAPITAL GAIN WILL ARISE
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R.V.RAO

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R.V.RAO (Expert)
14 March 2008 I AGREE WITH S/SRI HEMANT,SRINIVAS AND SAURABH.
R.V.RAO
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HARANATH

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HARANATH (Expert)
22 March 2008 ur case is relating to sec.50
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HARANATH

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HARANATH (Expert)
22 March 2008 ur case is relating to sec.50
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HARANATH

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HARANATH (Expert)
22 March 2008 ur case is relating to sec.50
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