Capital gain on sale of gold

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Querist : Anonymous

Querist : Anonymous (Querist)

24 January 2018 If an individual sales some gold then capital gain to be booked?

Z (Expert)
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25 January 2018 Yes, gold is definitely a capital asset.
Compute the short term capital gain, if the gold was held for upto 3 years;
Compute the Long term capital gain, if the gold was held for more than 3 years;
Indexation shall be provided in case of long term capital asset.

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