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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://taxguru.in/income-tax/capital-gains-tax-gst-sale-goldjewellerysovereign-gold-bonds-gold-etf.html
May 28, 2020 · How on sale of gold, capital gains taxes levied under Income Tax Act, 1961? Capital gain is rise in the value of capital asset that gives higher worth than the purchase price. 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.
https://vermajewelry.com/taxes-on-pre-owned-jewelry/
In 2018, the capital gains tax rate is determined by your tax bracket. 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://taxguru.in/income-tax/income-tax-selling-gold.html
Nov 14, 2020 · The capital gains arising from the sale of gold will be short-term or long-term depending on the time period for which the gold has been held. The capital gains on sale of this form of gold will be classified as short-term if the difference between the date of buying and selling is less than three years (36 months). Such short-term capital gains will be added to your gross total income and taxed at the …
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