sir, my mother has received gold from her mother( ie my nani) and she already has 2 plots and now if i want that my mother gifts gold to me and my brother and we brothers invest in capital gain account scheme by selling this gold is it possible? will it attract any capital gain tax.
1 Answers
If you sell gold, you would earn capital gains. To save income tax on such gains either you can invest into house property u/s 54F or into capital gain bonds u/s 54EC.
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