Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 August 2011
Dear Experts,
Pls. clarify whether ancestral jewelary if sold liable to capital gain or not?
Pls. clarify whether ancestral jewelary if sold liable to capital gain or not?
30 August 2011
Jewelary is come under wealth of the assesee so it is liable to wealth tax.
but in case of sale if its shown in the b/s than capital gain tax will come.
but in case of sale if its shown in the b/s than capital gain tax will come.
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