Yes — selling gold in India can attract capital gains tax, but only on the profit you make, not on the full sale amount. Many people assume any cash they receive for old gold is automatically taxable, or wrongly assume it’s completely tax-free because it was a...
No — GST is not charged when you sell your old gold jewellery to a buyer. This surprises a lot of first-time sellers, because GST is something everyone has seen clearly printed on a jewellery purchase bill. It’s natural to assume the same tax applies in reverse....
Yes, in most everyday situations, legal heirs can sell inherited gold jewellery without first having it formally transferred into their own name. Unlike property or vehicles, gold jewellery doesn’t come with a title deed or registration certificate that needs to...
No, a gold purity certificate is not mandatory before you sell your gold. This is a relief for most sellers, since very few people keep hallmarking or purity documents for jewellery bought years or decades ago, especially inherited pieces. A genuine buyer will test...
There’s no single “limit” above which selling gold suddenly becomes illegal or heavily penalised — but there are specific thresholds that change how the transaction must be handled, and what you’re expected to report. Many sellers use the...
