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FILE PHOTO: A salesman arranges gold ornaments, on a display board, inside a jewellery showroom (REUTERS)

How income tax rule applies on capital gains after sale of jewelry

[ad_1] Income tax calculator: Gold, silver or any other precious metal jewelry bought by an Indian is considered investment by the income tax department of India. As per the income tax act, if a person sells one’s jewelry then short-term capital gain or long-term capital gain becomes applicable (depending upon the time of acquisition). In […]

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