in case of gold
when indexation benefit is available ?
When you sell your gold jewelry or coins etc. after three or more years from the date of acquisition purchase, the profit arising from the sale will be categorized as long term capital gains.
Long term capital gain earned from sale of gold assets carries a tax rate of 20% along with applicable surcharge and education cess.
The profits earned under LTCG are taxable under the separate head of long term capital gains and is eligible for the benefit of indexation of the acquisition cost of gold assets.
The long term capital gain is computed by reducing such indexed cost from the net selling price realized.
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