Capital gain

pls help me to solve this problem

 

ragav sold gold ornament on 16-7-2012 for a sum of rs 1000000 this gold was purchased in 1978 for rs 60000 by his fathr. the fair market value of the gold as on 1-4- 1981 was rs 100000. his father gifted the gold to ragav on 15-7-2012 . he spent rs 200000 till 31-7-2013 the due date for filling of the return on construction of a house property and deposited 500000 on 31-7-2012 under capital gain scheme and spent a sum of rs 400000 for the construction of the house property till the stipulated time . compute capital gain chargeble tax on this transction for various relevant assessment year

email id : kanchanjagdhane @ gmail.com

Replies (1)

Dear Kanchan,

kindly give the FMV of the gold on the date of gift (15.07.2012)..

 

 

Best Regards,
CA Lovely Arora
ca.lovelyarora @ gmail.com

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details