POSTED BY November 28, 2014 9:47 am NO COMMENTSON
I had bought 3 units of GOLD ETF’s during March 2013 at a price of 8356/- and sold in October 2014(nearly 1.5 years) at a price of 7697/- (Loss of 659). I have some questions regarding this:
1. AFAIK I need to fill ITR-2 while filing IT Returns for FY 2014-15. Am I Correct?
2. Calculating Cost Inflation Indexed(CII) purchase price=((Purchase Price) x (selling price-purchase price))/Indexation
CII adjusted LTCG = Selling Price – CII Purchase price
and 20.6 % tax on CII adjusted LTCG
Is this formula correct? Also where would I get the value of Indexation? Any link for this?
3. How do I declare this in ITR-2?
Thanks in Advance,