Dear sir,
I wish to sell gold jewellery of myself, my late wife's and my mother's. 'Jewellery purchased in different periods in (from 1996 to 2009)and purchased price also different .It's total published cost altogether approximately Rs.2,40,000/-and after it sell l will be get Rs.5,40,000/- approximately. I wish to transfer whole amount in my housing loan account. But I have not original receipt of purchased gold jewellery.
I had ITR filed in A.Y.2018-2019 is Rs.2,60,000/_and after all deduction it 1,10,000/_
My questions are as below
1.Can I save capital gain tax , if yes ! how can this?
2.If no,then how much I liable to pay capital gain tax
3.Jeweller said me whole amount he will be give me by cheque ,then I ask you this l will be to take cheque separate myself and my mother's name or only myself name. Please reply earlier.
CAclubindia
