Capital gain

Aryan Agarwal

Bhai dekh agar tujhe yeh pata ho ki personal movable assets ko apan capital gain mei ni consider krte par iska ek exemption h jewelry(there are more but i am stating just for the reference).... Ab jewelry ki definitions kya h{1.ornaments of gold, silver, platinum and any of its alloy (alloy means a combination of two or more metals) 2. Precious stones like ruby diamond etc whether or not attached to something} toh iss hisab se gold chain aur diamond ring jewelry ki definition mei aa jati h, fir tumne agar woh cases padhe ho jaha capital gain lagta h not at the time of transfer of asset (sale Or extinguishment of asset, relinquishment of right,compulsory acquisition of land are some points jinhe hum transfer mante h though there re more but point one is relevant for this question) but at the time of actual receipt of payment..... Toh usme ek insurance wala bhi case tha..... Toh dekho ab transfer toh apna hogaya jab loss by fire hua...... Full value of consideration hogyi tumhara insurance claim received..... Bss usme se date of transfer I. E. Jiss din asset loss uss uss din tak ka indexed cost of acquisition nikal lo FVOC mei se minus krrdo aagya STCG / LTCG

Aryan Agarwal

Bhai dekh agar tujhe yeh pata ho ki personal movable assets ko apan capital gain mei ni consider krte par iska ek exemption h jewelry(there are more but i am stating just for the reference).... Ab jewelry ki definitions kya h{1.ornaments of gold, silver, platinum and any of its alloy (alloy means a combination of two or more metals) 2. Precious stones like ruby diamond etc whether or not attached to something} toh iss hisab se gold chain aur diamond ring jewelry ki definition mei aa jati h, fir tumne agar woh cases padhe ho jaha capital gain lagta h not at the time of transfer of asset (sale Or extinguishment of asset, relinquishment of right,compulsory acquisition of land are some points jinhe hum transfer mante h though there re more but point one is relevant for this question) but at the time of actual receipt of payment..... Toh usme ek insurance wala bhi case tha..... Toh dekho ab transfer toh apna hogaya jab loss by fire hua...... Full value of consideration hogyi tumhara insurance claim received..... Bss usme se date of transfer I. E. Jiss din asset loss uss uss din tak ka indexed cost of acquisition nikal lo FVOC mei se minus krrdo aagya STCG / LTCG

Sudha Reddy

Please give answers in English for the larger benefit of student community