Query for taxation of sale of gold jwellery
This query is : Resolved
RAHUL WADHWANI
(Querist)
17 October 2015
SIR IF ANY HOUSEWIFE SOLD HER GOLD , SO THE SELLING OF GOLD IS TAXABLE OR NOT... PLZ REPLYY...
Amol S Joglekar
(Expert)
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
The period of holding will decide whether the gain is LONG term or SHORT term
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RAHUL WADHWANI
(Querist)
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
(Querist)
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
Amol S Joglekar
(Expert)
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
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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