Regarding Long term capital Gains on Sale of Gold
This query is : Resolved
Quick Summary
Dr.Vivek Viswanathan
(Querist)
17 June 2024
If I had old gold without any invoice gifted to me long back by my relatives and I sold it for a sale value of 6 lakhs would it be eligible for taxation as LTCG? Secondly how does such a sale show up on a 26AS form or any other income tax form?
Dhirajlal Rambhia
(Expert)
17 June 2024
Yes, it will attract LTCG.
It will reflect in your bank statement, but not in form 26AS.
It will reflect in your bank statement, but not in form 26AS.
Dhirajlal Rambhia
(Expert)
30 August 2024
Good luck.
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