i hered that from few CA
Gold is an liquied asset it can not be consider as long term asset. hence no set off allowed on selling of gold and purchasing of residential home.
Dwarkadas Madanlal Kabra (MD) (30 Points)
06 May 2017i hered that from few CA
Gold is an liquied asset it can not be consider as long term asset. hence no set off allowed on selling of gold and purchasing of residential home.
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 06 May 2017
capital gain exemption not available on sale of gold for the purchase of residential house
abilashvb
(student)
(48 Points)
Replied 06 May 2017
Dwarkadas Madanlal Kabra
(MD)
(30 Points)
Replied 06 May 2017
on sell of gold ornaments long term capital gain arises(buying gold 36 months back)
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