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Taxability of stidhan

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(Querist)
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.
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Amol S Joglekar

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Amol S Joglekar (Expert)
18 December 2014 It will be a long term capital gain. Work out the gain as per Cost Inflation Index.
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Rupesh Jain

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Rupesh Jain (Expert)
18 December 2014 it is taxable under capital gain after index cost
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
19 December 2014 yes, cal ltcg and will be taxed accordingly
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