Exchange of old gold jewellery capital gains applicable


This query is : Resolved 

Quick Summary
This discussion explores whether capital gains tax applies when exchanging old gold jewellery for new. Specifically, it questions if tax is levied on the sale value of the old jewellery (Rs. 3 lakhs) when purchasing new jewellery worth Rs. 4 lakhs, and how this is treated under the Income Tax Act.

10 July 2021 Sir,
It female assess exchange of old gold jewellery value rs:3 lacs after purchase of New gold jewellery value rs:4 lacs.
Question:
Assess exchange of old gold jewellery after purchase of new gold jewellery capital gains applicable in it act.

10 July 2021 They will raise purchase and sale bill separately so capital gains applicable on sale value.

11 July 2021 Applicable on sale value of Rs. 3 lakhs


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
12 November 2026
Auditor

Oz Taxation

Vijayawada

Graduate (Any)

View Details
Company
02 November 2026
Audit Executive

SRJP & Co LLP

Kochi

CA Inter

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
10 November 2026
Direct Tax Manager

CAAQ CONSULTANCY PVT LTD

New Delhi

CA Final

View Details
Company
Featured 07 November 2026
Paid Assisstant

DPV & Associates

Chennai

CA Inter

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
ARTICLESHIP 07 November 2026
Article Assisstant

DPV & Associates

Chennai

CA Inter

View Details
Company
24 October 2026
CA Industrial Trainee

Fytomax Nutrition Private Limited

Aurangabad

CA Inter

View Details