Taxability of stidhan
This query is : Resolved
18 December 2014
I would like to know the taxabilty on assets sold by a person which is a part of Stridhan.
For Instance, If Mrs X sells 500 gm of gold, in FY 2014-15, acquired by her in FY 1990-91 as stridhan, what will be the taxability on such sale of asset.
For Instance, If Mrs X sells 500 gm of gold, in FY 2014-15, acquired by her in FY 1990-91 as stridhan, what will be the taxability on such sale of asset.
18 December 2014
It will be a long term capital gain. Work out the gain as per Cost Inflation Index.
18 December 2014
it is taxable under capital gain after index cost
19 December 2014
yes, cal ltcg and will be taxed accordingly
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