Tax on sale of gold jewellery

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suchendra navrat (Querist)
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27 July 2014 i sell my gold. total selling price rs 250,000/- i had purchase gold on feb 2008 rs 148,750/- whats the tax liability.
and my other income from capital gain (Profit 560750/- (STG)

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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28 July 2014 1. The difference between the sale price and indexed cost of acquisition will be taxable @ 20%

2. STCG - If it is on shares then taxable @ 15%

If other than shares - taxable at normal rates.