Year of indexation for selling gifted gold ?

As per my knowledge, the year in which each Ornament is purchased by your Father shall be considered for calculating the Indexed Cost of Acquisition of the Jewellery.

In case the Jewellery is purchased preceding 3 years, then at the time of selling the Jewellery Long Term Capital Gain shall arise which will be taxable @ 20% + education cess @ 3%.

Regards,

Devendra Kulkarni

The indexation of cost of acquisition will be on the year of purchase by the previous owner u/s 49