Jewellery sales two times capital gains tax applicable

it male assessee sales of jewellery value rs:2 lacs and another date sales of jewellery value rs:1 lacs one financial year.
question:
assessee sales of jewellery two times value on capital gains tax applicable in it act.
Replies (2)
Quick Summary
This discussion clarifies the application of capital gains tax on jewellery sales. It explains that capital gains tax is calculated on the total profit from jewellery sales within a financial year, not on each individual sale. Therefore, if you sell jewellery multiple times in one year, the tax is assessed on the aggregate profit from all sales, rather than on each transaction separately.

Capital gains will be assessed on total sale value Rs. 3 lakhs, only once in the financial year.

On 3 lakhs rupees

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