16 August 2011
My mother made a capital gain few days back. a) Is it safe if she made investment in physical form of gold/silver. Or is it safer to invest in Gold Bonds.
b) How to show this investment(if physical) in IT Return each year?
16 August 2011
No one can say where the Gold market is headed. In past, so many experts gave their views on Silver Rally. But, 99% of the statements were proved wrong in the end. When Silver reached 35000/- 90% people said the prices were too much... but the same people invested at 50000/-. So, you never know about this bullion market... but situations are in favour of Gold... dollar is ill.. Euro is under scan.. Indian stocks are witnessing dip.. So, overall, it is a good scenario for Gold..
& you don't need to show investment in Gold in your Return... you only need to show Profit/Loss on buy & sell of gold..
CAclubindia
