Sale of old gold jewellary
This query is : Resolved
17 November 2014
Dear Sir,
i have a quary on sale of old Gold Jewellry,
my monther is age about 58 year, she has gold given his mother when she got marriage, known she saled the old jewellry for rs.800000/- this year she liable to pay tax or not please calrifie me
i have a quary on sale of old Gold Jewellry,
my monther is age about 58 year, she has gold given his mother when she got marriage, known she saled the old jewellry for rs.800000/- this year she liable to pay tax or not please calrifie me
Amol S Joglekar
(Expert)
17 November 2014
Take the value as on 01/04/1981 and do the indexation. (In most of the cases, due to indexation there appears to be NO gain.)
Check the same in your case also and accordingly the decision be taken whether or not it is taxable.
Check the same in your case also and accordingly the decision be taken whether or not it is taxable.
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