CAPITAL GAIN ARISING OUT OF SALE OF GOLD FOR AN INVIDIDUAL ASSESSEE

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77 Points Joined June 2017

DEAR SIR

I WANT TO SELL MY OLD GOLD ORNAMENTS AND COINS PURCHASED THREE YEARS BACK. IF I WANT

TO SELL I WILL GET CAPITAL GAINS. IS THERE ANY EXEMPTION FOR AVOIDING CAPITAL GAINS IN THE

ASST YEAR 2021-2022. PL DO THE NEEDFUL.

WITH WARM REGARDS

SAYEEKHUMAR

31.12.2020

Replies (3)

524 Points Joined June 2020

In 54F you can avail the exemption with some specific conditions

77 Points Joined June 2017

Thank you very much for your response

Accountant

4531 Points Joined February 2017

Long term capital gain will levied on your sell you can invest the money in various schemes declared under Income tax

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