Tax on sale of gold jewellery
This query is : Resolved
27 July 2014
i sell my gold. total selling price rs 250,000/- i had purchase gold on feb 2008 rs 148,750/- whats the tax liability.
and my other income from capital gain (Profit 560750/- (STG)
and my other income from capital gain (Profit 560750/- (STG)
28 July 2014
1. The difference between the sale price and indexed cost of acquisition will be taxable @ 20%
2. STCG - If it is on shares then taxable @ 15%
If other than shares - taxable at normal rates.
2. STCG - If it is on shares then taxable @ 15%
If other than shares - taxable at normal rates.
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