Gift
Querist : Anonymous
Secondly, i am selling the ornaments for buying a flat , Do i need to pay Capital Gain Tax ?
Is there any format , to recieve the gift in form of Gold Jewellery ?
However, if you are selling the jewellery before completion of 3 years from the date of buying, then it will be added to your normal income. If you are selling after completion of 3 years, then you need to compute LTCG after indexation and pay 20% tax on gains.
Querist : Anonymous
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