Capital gains

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Mihir Kothari (Querist)
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22 December 2013 Can anyone give an example of relinquishment and extinguishment of asset which is chargeable to capital Gains?

CA Kedar Sakhardande (Expert)
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23 December 2013 Suppose an insured property is damaged due to fire/ flood and insurance claim is received then it will be subject to capital gain

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