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).
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