Wednesday, April 13, 2022

How to calculate long term capital gains of gold jewellery when purchase value is not known

As per income tax laws, an individual is required to pay tax on long-term capital gains accrued from the sale of gold jewellery. One is required to arrive at indexed cost by using the actual purchase value and CII number. Read on to know how to arrive at indexed cost if purchase value is not known.

from Tax-Wealth-Economic Times https://ift.tt/zrj3vol

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