Dear Reputed members.
my wife has gold of approx 450 grams. now I want to sell this due to this pandemic situation. please tell me the tax slab on selling gold.
Menu
Selling gold.
Replies (2)
It will be taxable under the head capital gains under Income tax . Long term capital asset like jewels should hold for 36 mths for satish as long term capital asset . special tax rate of 20 % in case of long term capital gains . short term capital gains at normal slab rate
Thanks sir
Recent Topic
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
Related Topics
CAclubindia
