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Capital asset

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(Querist)
09 July 2012 if an assessee sale gold bar whether he will be liable for capital gain because capital asset as per sec 2(14) cover jewellery
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CA. Sunil Kumar

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CA. Sunil Kumar (Expert)
09 July 2012 Yes, Liable for Cap Gain.


he can also get the benfit of Indexation if applicable to his case

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