Capital gain on sale of gold
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 January 2018
If an individual sales some gold then capital gain to be booked?
25 January 2018
Yes, gold is definitely a capital asset.
Compute the short term capital gain, if the gold was held for upto 3 years;
Compute the Long term capital gain, if the gold was held for more than 3 years;
Indexation shall be provided in case of long term capital asset.
Compute the short term capital gain, if the gold was held for upto 3 years;
Compute the Long term capital gain, if the gold was held for more than 3 years;
Indexation shall be provided in case of long term capital asset.
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