Taxation on Old jewellery sold

This query is : Resolved 
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(Querist)
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
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
29 July 2026 Yes, Capita gains liability arises based on rate as of April 2001 as COA.
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