Taxability on sale of stridhan gold.

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Querist : Anonymous

Querist : Anonymous (Querist)

02 December 2013 An assessee sold her Stridhan Gold in A.Y. 2013-14 and her Marriage date is in A.Y. 1982-83. Sale of Stridhan Gold is Taxable under the Head Income from Capital Gain as Long Term Capital or not...? and If, Not then in which section is not taxable?

Manish Bhandari

Manish Bhandari (Expert)
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02 December 2013 It is taxable as Capital Gain. Also your case it is LTCG. The reckoner rate of gold can be referred for rate of 1982 - 83 if no bill is available for indexation.

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Querist : Anonymous

Querist : Anonymous (Querist)

02 December 2013 Can you give any case study or can give any Reference....?

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Querist : Anonymous

Querist : Anonymous (Querist)

02 December 2013 Can you Give any Case Study or Can you Give any Reference.....???