Gold as LTCG

LTCG after indexation

indexation benefit is always there on gold...

Indexation will be allowed on Gold

Gold is LTCG assets but for tax planning purpose you can invest under two notified sechme

u/s -54 EC  .... RURAL ELECTRIC CORPORATION AND NHAI.

indaxation will be applicable

Benefit of Indexation would be available.

Narendra - How the benefit of investing in two notified schemes of RECL & NHAI is available in this case?

Hi.Atul

we can invest into REL & NHAI .

excemption is available see section 54 EC

 The benefit of Sec. 54EC is available for investment in specified bonds to the extent invested as a deduction from capital gains, if such investment is made within six months from the date of transfer of any long term capital asset. All that the law requires is that such bonds should not have been converted into money within three years from the date of purchase of these bonds. Since the option for encashment is available only after completion of three years, the execution of such option will not lose exemption. It is in this context, that the advice which the reader has got is correct. This is the position of law irrespective of the fact whether the person who avails the relief is a senior citizen or not.

it would be very clear to all of us. that we can invest any LTCG income into two notified schemes u/s-54 EC.

Regards.

Narendra

Let me elaborate my question....

The whole amount after the sale of the gold is invested in purchase of Flat. I think it's exemption under section 54F.

Now within ITR2 under which column I'll make the entry get the rebate, LTCG cost of acquisition after or without indexation?