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
Menu
Purchase price on sold of gold claim in consturion
Replies (1)
-
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.
Recent Topics :
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
Related Topics :
CAclubindia
