11/9/2025, 2:27:03 pm

Inheriting gold jewelry attracts capital gains tax on resale

Receiving gold jewellery as inheritance in India is not taxable income. However, when sold, it incurs capital gains tax. For holding periods over 24 months, a 12.5% tax applies. Gains less than 24 months attract income tax slabs. Exemptions apply if sale proceeds are reinvested in a residential house under Section 54F, not applicable for gold.