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Taxability of stridhan

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(Querist)
12 June 2013 Sir, Jewellery sold by a lady of Rs. 28 Lacs in cash from its stridhan then this cash was deposited in her Husband's bank account.

Pls guide what will be the tax implications for this transactions. & how will we overcome that
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Anand Modi

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Anand Modi (Expert)
12 June 2013 You have to find out the Purchase year and calculate the capital gain tax.
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CA. Naveen Jain

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CA. Naveen Jain (Querist)
12 June 2013 Sir, Whether capital gain tax applicable or its exempt
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CA.Vinita Gupta

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CA.Vinita Gupta (Expert)
12 June 2013 Agreed with the reply of Anand Capital Gain Tax would be applicable
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CA. Naveen Jain

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CA. Naveen Jain (Querist)
12 June 2013 Sir, Whether capital gain tax applicable or its exempt
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Anand Modi

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Anand Modi (Expert)
12 June 2013 It is taxable

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