Tax on gold

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 May 2014 when we sale the gold then what is tax impact in such case ? please describe in details.

Sandeep Dharar (Expert)
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09 May 2014 It will b ur income from Capital gain

Querist : Anonymous

Querist : Anonymous (Querist)

09 May 2014 if we sale a gold of Rs. 35000 than also it will be liable for C.G.

Sandeep Dharar (Expert)
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09 May 2014 Yes if u sold gold value of Re 1(suppose) then also CG is applicable on that.

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