Marriage took place in 2015. Thereafter, due to disputes, divorce of the couple was finalized by the court in September 2019. The court gave jewellary to the girl as per the list finalized by the court. The list of jewellary contains some jewellary given by the relatives of the girl at the time of marriage and some jewellary was given by the bridegroom parents, etc. Now, the girl wants to sell this jewellary and from the amount received from the sale of jewellary wants to purchase the house in a foreign country. <\/p>\n
1.\tI want to know whether the sale of jewellary is liable to long term capital gain keeping in view the base year 2015 by applying indexation.
\n2.\tWhether the funds can be utilized for purchase of property outside India and can take benefit u\/s 54.
\nPlease guide me.<\/p>\n","protected":false},"excerpt":{"rendered":"
Marriage took place in 2015. Thereafter, due to disputes, divorce of the couple was finalized by the court in September 2019. The court gave jewellary to the girl as per the list finalized by the court. The list of jewellary contains some jewellary given by the relatives of the girl at the time of marriage and some jewellary was given by the bridegroom parents, etc. Now, the girl wants to sell this jewellary and from the amount received from the sale of jewellary wants to purchase the house in a foreign country. 1. I want to know whether the sale of jewellary is liable to long term capital gain keeping in view the base year 2015 by applying indexation. 2. Whether the funds can be utilized for purchase of property outside India and can take benefit u\/s 54. Please guide me.<\/p>\n