Physical Gold vs SGB
Nostradamus !! (154 Points)
29 November 2017Selling jewellery and buying Sovereign Gold Bond.
02. Is Selling Jewellery taxable?
if yes:
a. How much?
b. Any benifit LTCG/Indexation.
Nostradamus !! (154 Points)
29 November 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177961 Points)
Replied 29 November 2017
1. Under Tab 'CG'
2. Yes, depending upon period of holding LT or ST cap gain liability..........
If long term (more than 3 years) indexation benefit available........
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177961 Points)
Replied 29 November 2017
Yes, for long term capital gain tax rate is 20.6% (with Cess)