Sale of Gold ornaments
This query is : Resolved
04 March 2026
Sir,
Can I sell family gold oraments with limits on weight ,without attracting Income tax ? Please clarify. Thanks
Can I sell family gold oraments with limits on weight ,without attracting Income tax ? Please clarify. Thanks
05 March 2026
You can sell any weight of gold, but you must report the profit in your ITR. To avoid tax, reinvest the proceeds in a house (Sec 54F) or capital gain bonds (Sec 54EC).
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Credit rating model
- Youtube income
- 115-BAC-for AOP-private discretionary trust
- Cgst asmt - 10
- IN PAGHDI SYSTERM . RENT RECPT CHANGE OF NAME AFTER FAMILY PARENTS TO SON
- Insurance make against any item and later get insurance claim received
- Surcharge applicability on LTCG loss
- E-Invoice applicability related question
- ITR-U for AY21-22
- If Material shift from dry port local egm details not refleting on ICE gate portal
- Fy 22-23 --> tyed more in gst 3b vs 2b, any interest?
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- GST ON PERSONAL MOTORCAR SOLD
- Cash gift by grand mother to her grand daughter
- APPLICABILITY OF RCM ON MAN POWER SUPPLY BY UN REGISTERED PERSON TO REGISTERED PERSON.
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
