capital gains tax on sale of silver utensils...

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  1. shaheenazk

    shaheenazk New Member

    I would like to know that does sale of silver utensils attract capital gains tax?
     
  2. Anish Goel

    Anish Goel New Member

    No, it does not attract capital gains tax.
    But if you sell any unjustifiable quantity, then the department can ask you for the source of such utensils.
     
  3. shaheenazk

    shaheenazk New Member

    Thanks for the reply. What quantity or amount according to you, would qualify as unjustified. I am curious.
     
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