I want to sell jewelry from grandma, how much tax has to pay, what the law says

“I want to sell jewelry from Grandma, how much tax has to be paid?” What the person says about the person’s question last updated: August 29, 2025, 23:04, it was considered selling gold jewelry received from Grandma and Grandma, then it would definitely be taxed. The new rule says that 12.5% ​​long -term capital gains tax must be paid for the sale of gold more than 24 months old. It is also taxed when selling the jewelry of the ancestors. (Image: News18) New -Delhi. Gold has always been a symbol of the tradition and safety of Indian families. We often inherit this jewelry or on special occasions with parents and grandparents. But when the time comes to sell this gold, it is important to know how taxes will be charged. According to the Tax Act, gold also falls under the capital asset category. That is, a capital gains tax must be paid for the profits from its sale. The special thing is that the actual purchase date and purchase price of gold for tax calculation are considered the same as the previous owner (such as your mother or grandmother). For example, if you found gold at the time of marriage in 1981, it would be the price your mother or grandmother paid. At the same time, if you get gold before 2001, you also get the option to choose the Fair Market Value (FMV) of April 1, 2001. It is also important to understand the difference between short -term and long -term gains on the sale of jewelry. Earlier, the duration of the long -term capital gain was 36 months, but after the Finance Act 2024, it was reduced to 24 months. That is, if the gold is more than 24 months old, the profit will be considered long -term gains, and it will only be charged 12.5% ​​tax (without indexing). If you sell before 24 months, the profit will be considered a short term, and you will have to pay taxes according to your income tax page. Gold is very decades old in this case, so it is clear that long -term taxes must be paid by 12.5%. If you do not have the actual record of obtaining gold, the valuation tap or the historical price determined by the Jewelers Association can be made the basis. That is, if you sell inherited gold, then accept that it will definitely be taxed. But the good thing is that the rate is not much and that tax calculation becomes easier with the right documents. About the Author Rakesh Singh Rakesh Singh is a main editor with 14 years of experience in media and publication. International matters, politics and agricultural areas of interest. Many articles written by Rakesh Singh published in … Read more Rakesh Singh is a editor -in -chief with 14 years of experience in media and publication. International matters, politics and agricultural areas of interest. Click here to add many articles written by Rakesh Singh published in … Read more to add News 18 as your favorite news source on Google. Location: New -delhi, Delhi First published: 29 August 2025, 23:04 IST Homebusiness I want to sell jewelry from Grandma, how many taxes have to be paid, what the law says, what the law says