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Selling gold.

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Galaxyandroid650@gmail.com And

11 Points Posted on 27 June 2020

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.

Replies (2)

Quick Summary

This discussion addresses the tax implications of selling gold, specifically focusing on capital gains tax. It clarifies that gold held for over 36 months is considered a long-term capital asset, subject to a special tax rate of 20%. Gold held for less than 36 months will be taxed at the normal slab rate as short-term capital gains.

harini saha

Student CMA

90 Points Posted on 27 June 2020

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