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https://cleartax.in/s/capital-gain-tax-on-sale-of-property-shares-gold/
Nov 04, 2020 · Every individual generally possesses some asset to be it in the form of any property, gold, jewellery or shares. And so one must be aware of tax implications on the gain/loss arising from the sale of such assets. Tax liability on these assets depends on the holding period of the asset and is calculated under the head ‘Capital Gains’.
https://www.rediff.com/business/report/explained-capital-gains-on-sale-and-purchase-of-gold/20191001.htm
“If the jewellery sold was bought before April 1, 2001, then the taxpayer can use the gold price as on April 1, 2001. "For 24-carat gold, the price was Rs 4,190 per 10 grams,” says Wadhwa. If...Author: Tinesh Bhasin
https://taxguru.in/income-tax/capital-gains-tax-gst-sale-goldjewellerysovereign-gold-bonds-gold-etf.html
May 28, 2020 · Generally, the gain is not realised until the capital asset is sold. A capital gain may be short term or long termand that depends on the period of holding. Let us understand, the definitions of ‘Capital Asset’, ‘Transfer’, ‘Short Term Capital Gains’ and ‘Long Term Capital Gains’ under Income Tax Act, 1961 one by one.
https://www.taxfull.com/107/capital-gain-tax-on-gold-jewellery-if-bought-in-return-of-gold
Capital gains arises when there is transfer of a capital asset. In your case, you are not transferring your old gold to anyone. You are only converting it into different ornament by paying additional money, if required. Hence, there is no capital gains on the return value of the gold. However, when you get back money on purchase of new jewelry, as the cost of new jewelry is less than the gold you are exchanging, there is transfer of capital …
https://www.livemint.com/Money/t8MYQboY3sErxfvrjyvGXM/You-have-to-pay-tax-on-capital-gains-from-sale-of-jewellery.html
Apr 02, 2018 · If the cumulative period you and your mother or grandmother held the jewellery exceeds 36 months, the gains arising from the sale are taxable as long-term capital gains …
https://www.financialexpress.com/market/commodities/income-tax-how-to-calculate-capital-gains-tax-on-sale-of-old-jewellery/649963/
May 01, 2017 · Calculate capital gains tax on sale of old jewellery based on fair market value at time of purchase. Q. Last year, I had sold my old jewellery which was given to …
https://pocketsense.com/need-pay-tax-sell-gold-jewelry-6981.html
Dec 12, 2019 · Pawning gold jewelry can bring in some extra cash when you really need it, but you might have to give a cut of the proceeds to Uncle Sam. The Internal Revenue Service taxes capital gains, which are profits you make when you sell property. If you sell gold jewelry at a price that is higher than the amount you originally paid for it, you may owe tax on the difference.
https://www.livemint.com/money/personal-finance/selling-inherited-gold-income-tax-rules-you-should-know-1563516426152.html
Profits on sale of physical gold and gold jewellery purchased by yourself or received under an inheritance becomes taxable under “ capital gains ". If the gold is held for more than 36 months,...
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