4 Replies to “I invested in gold ornament jewellery 3 years back I sold it now for a profit.Is any capital gains tax payable?”

  1. Yes. Capital gain tax will be assessed based on your tax bracket . For tax deferred and tax exempt investments try to get some baseline knowledge by doing a google search or going to a good library. You can then discuss more pointed solutions that apply to your specific situation. I am afraid that getting general advice might end up hurting you.

  2. You have to pay LTCG Tax @ 20% with indexation benefit.

    You can save tax u/s 54EC – Capital gains on transfer of long-term capital assets invested in specified assets (bonds).

    From 1.4.2006, investment can be made only in notified bonds of NHAI and REC.

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