GOLD JWELLERY RECEIVED FROM MY GRAND PARENT IN YEAR 2008...RS.500000..IF NOW M SALE GOLD AT RS.1500000.....
CAPITAL GAIN TAXABLE OR NOT??
PLZ...GUIDE ME TAXABILITY OF SUCH INCOME....
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(184669 Points)
Replied 26 July 2018
Yes, capital asset being sold.........
If its gift in your hands..... COA of the jewellary required.
Or FMV as of April, 2001, in case purchased earlier....
Recent Topics
- RPT in view of availment of msme benefit
- TDS on rent new finance bill 2025
- Unable to convert User role from Registered user t
- Income Tax Return not filing by Temple Committee
- Procedure for filling appeal for unregistered enti
- Recovery of GST
- GSTR-1A RETURN
- Co Trading in Equity-ITC
- RCM Credit in case of Caterung Service
- E Invoice Effective Date
Related Threads
CAclubindia
