gold jewellery old
Mukul Khanna (52 Points)
09 July 2018Mukul Khanna (52 Points)
09 July 2018
Ruchika Somani
(Coaching and Practice in Tax Audit Law.)
(4429 Points)
Replied 09 July 2018
From, F.Y 2017-18 Gold rate of 01.04.2001 shall be considered and as per indexation LTCG shall be computed.
Anjali P Nair
(ACA,ACMA)
(582 Points)
Replied 09 July 2018
LTCG shall be taxable @ 20% under section 112.
LTCG on sale of gold jewellery
1.Gift from mother for FY 2002-2003
LTCG= sale value - cost of jewellery on fy 2002-2003 * 280/105
2. Gift on the occassion of marriage
LTCG= Sale value - Fair value as on 01/04/2001 * 280/100
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