banner_ad

Capital Gain Tax on Exchange of Gold

283 views 5 replies
User Avatar

27 Points Posted on 05 September 2019
please somebody provide how the capital gain tax will be levied on exchange of gold asper Income Tax Act
Reply Share Follow
On 05 September 2019 at 22:35 Report
Replies (5)
User Avatar

17264 Points Posted on 06 September 2019
I understand that you mean to say selling of old ornaments and buying new ornaments (exchange this way) - is this what you are asking for ? Pl revert
101 Reply
On 06 September 2019 at 01:21
User Avatar

27 Points Posted on 06 September 2019
yes I'm asking for exchange In that way
Reply
On 06 September 2019 at 10:32
User Avatar

17264 Points Posted on 06 September 2019
Old gold will be considered as sale.
Sale value of old gold minus indexed value of old gold will by your long term capital gain.

Note -----
if old gold is bought before 2001 then you can take market price prevailing as on 1-4-2001 as the cost of your gold.
101 Reply
On 06 September 2019 at 11:08
User Avatar

27 Points Posted on 06 September 2019
thanks for suggestion
Reply
On 06 September 2019 at 11:10
User Avatar

17264 Points Posted on 06 September 2019
You are most welcome
101 Reply
On 06 September 2019 at 17:12


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details