Taxation on Old jewellery sold
This query is : Resolved
29 July 2026
Dear Sir,
A lady, currently 90 years old, was married in 1952 and received jewellery as gifts at the time of her marriage. She now has no financial support and is considering selling this jewellery to meet her living expenses.
Please suggest is there any tax liability on the sale of this(Streedhan)?
Thank You
A lady, currently 90 years old, was married in 1952 and received jewellery as gifts at the time of her marriage. She now has no financial support and is considering selling this jewellery to meet her living expenses.
Please suggest is there any tax liability on the sale of this(Streedhan)?
Thank You
29 July 2026
Yes, Capita gains liability arises based on rate as of April 2001 as COA.
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