Query for taxation of sale of gold jwellery

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RAHUL WADHWANI

RAHUL WADHWANI (Querist)
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17 October 2015 SIR IF ANY HOUSEWIFE SOLD HER GOLD , SO THE SELLING OF GOLD IS TAXABLE OR NOT... PLZ REPLYY...

Amol S Joglekar

Amol S Joglekar (Expert)
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17 October 2015 It is taxable under the head "income from capital gain."

The period of holding will decide whether the gain is LONG term or SHORT term

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RAHUL WADHWANI

RAHUL WADHWANI (Querist)
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17 October 2015 Sir agr ek housewife ko gold jwellery use dowery ( dahej ) m mili ho year 1980 m agr usi gold jwellery ko wo present time m year 2015 m sell krti h to kya long term capital gain tax apllicable hoga

RAHUL WADHWANI

RAHUL WADHWANI (Querist)
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Amol S Joglekar

Amol S Joglekar (Expert)
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21 October 2015 YES.

The long term capital gain will be applicable.

You can take the benefit of indexation.

01/04/1981 the value of 24 caret gold was 1670

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Query for taxation of sale of gold jwellery

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