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Chirag Mehta, senior fund manager - alternative investments, Quantum Asset Administration, says he is optimistic on gold because he sees scope for additional rise. "The metallic peaked at Rs 34,000 levels in India. We're round 9-10 per cent from there. 1,900 per ounce throughout the bull run. 1,350 per ounce," he factors out. Shashank Agarwal, advocate, Delhi high court docket, informs that tax loss cannot be adjusted in opposition to every other head of revenue tax (it should be adjusted towards the same head). Mr. ABC invested in mutual fund X for Rs 10 lakh. Disclaimer: This text is supposed for information purposes only. Any use of the knowledge/any funding and funding associated decisions of the investors/recipients are at their sole discretion and threat. Any recommendation herein is made on a common basis and doesn't take into account the particular funding goals of the particular individual or group of persons. Opinions expressed herein are topic to alter without notice. Your skilled will solely signal and file your return if they imagine it is a hundred% appropriate and you're getting your finest end result potential. In the event you get a larger refund or smaller tax due from one other tax preparer, we'll refund the relevant TurboTax Dwell Full Service federal and/or state buy price paid. If you pay an IRS or state penalty (or interest) due to an error that a TurboTax tax expert or CPA made while acting as a signed preparer on your return, we'll pay you the penalty and curiosity.

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