I am a salaried person from Pune.
My salary in FY13-14 was 160000. I had sold a old gold jewellery in May 2013 and I recieved amount 37250 through cheque and reciept. I deposited the amount in my account.I do not know the cost price of the gold as it was very very old from my grandmother or very close relatives.
I have filed the return for FY13-14 but I was not aware about the capital gain tax concept so I failed to discose the account. So can i refile the return and pay the tax or what is my liability for the same. I am extremely worried.
My other source of income in FY13-14 was through shares and bank interest but it was very very meagre and not even above 10000.
Kindly advise me for the same.
CAclubindia
