Capital Gain Tax on Exchange of Gold
rupesh raut (27 Points)
05 September 2019
please somebody provide how the capital gain tax will be levied on exchange of gold asper Income Tax Act
2 Replies
Kriti Sharma
(student)
(53 Points)
Replied 06 September 2019
Sale of personal assets are not taxable but if it is gold bonds or future option of gold then the gain will be taxable
Kapadia Pravin
(17264 Points)
Replied 06 September 2019
I understand that you mean to say selling of old ornaments and buying new ornaments (exchange this way) - is this what you are asking for ? Pl revert
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