sir if we have sold gold of rs 750000 in cash purchase price not know and cash deposited in bank in 29 march 2026 gold which was received from mother and mother was purchase after 2001 and 750000 will be used for second floor construction in that case we can take exemption of capital gain tax and how many purchase amount of gold
Purchase Price: Use the price paid by the mother, adjusted for inflation (indexation).
Exemption: Available under Section 54F if the proceeds are spent on house construction within 3 years.
Risk: Selling ₹750,000 of gold in cash violates Section 269ST and may lead to heavy penalties regardless of the tax exemption.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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