Tax treatment on sale of inherited jewellery


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Querist : Anonymous

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Querist : Anonymous (Querist)
17 December 2009 What is the tax treatment of money received from sale of family jewellery
inherited or gifted on the occassion of marriage?

17 December 2009 it is liable to tax under the head "Capital Gains".

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 December 2009 What would be taken as the cost of acquisition, where a lot of inherited jewellery sold together

17 December 2009 Cost of Acquisition is deemed to be the
cost of acqusition of previous owner.

19 December 2009 Agree with my expert frnds


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