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https://cleartax.in/s/capital-gain-tax-on-sale-of-property-shares-gold/
Jul 15, 2021 · Profit or gain arising from the sale of assets such as property, gold, jewellery or shares is called a capital gain. Capital Gains are divided into two categories: Long term Capital Gain For instance, if you sell a house in FY 2017-18 after 24 months from the date of acquisition, then profit arising will be termed as LTCG.Estimated Reading Time: 4 mins
https://www.udemy.com/course/save-capital-gains-tax-on-sale-of-jewellery/
Hi, Whether you are looking to sell your jewellery because of an urgent need or looking to make a new investment, you deserve max value and that can be done only when you make sure you are saving maximum on taxes! This course will reveal how your capital gains are taxed and how you can safely and smartly save on them!5/5(2)
https://vermajewelry.com/taxes-on-pre-owned-jewelry/
If you owned the jewelry you sell for less than a year, you pay a short-term capital gains tax. The tax rate is exactly the same as whatever income tax rate you file at. If you owned the jewelry you sell for more than a year, you pay a long-term capital gains tax.
https://www.taxfull.com/107/capital-gain-tax-on-gold-jewellery-if-bought-in-return-of-gold
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 asset and hence,there will be capital gains.
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