Urgent query:- capital gain

DEAR AMIT 

you can also opt the sec54EC which is capital gain not to be charged on investment in certain bonds(sec.54EC)

(1) bonds issue by national highway authority of indi 

(2) bonds issue byRural electrification corporation ltd

Can go for gold deposit bonds. U can go to the designated banks & convert the value of gold into the bonds. These bonds are specifically excluded from defination of capital assets. So on sale of these bonds u r not liable for capital gain. On sale of the bonds u can claim the market value of gold or can ask for gold i.e upto how much grams u have given to bank, only thing is that the form of gold would change it won't be the same which you have given. & if u r keeping this bond for a period it will fetch u 2 % interest p.a which is also exempt. Moreover these bonds are also not included for purpose of wealth tax. So i think this is the best option to convert the gold into bonds & sale the same. Or Can go for  Bonus stripping of shares.