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Exchange of old gold jewellery capital gains applicable

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(Querist)
10 July 2021 Sir,
It female assess exchange of old gold jewellery value rs:3 lacs after purchase of New gold jewellery value rs:4 lacs.
Question:
Assess exchange of old gold jewellery after purchase of new gold jewellery capital gains applicable in it act.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
10 July 2021 They will raise purchase and sale bill separately so capital gains applicable on sale value.
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
11 July 2021 Applicable on sale value of Rs. 3 lakhs
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