Regarding Long term capital Gains on Sale of Gold

This query is : Resolved 

17 June 2024 If I had old gold without any invoice gifted to me long back by my relatives and I sold it for a sale value of 6 lakhs would it be eligible for taxation as LTCG? Secondly how does such a sale show up on a 26AS form or any other income tax form?

17 June 2024 Yes, it will attract LTCG.

It will reflect in your bank statement, but not in form 26AS.

30 August 2024 Good luck.




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