Used ornaments sale

[mukesh sharma]

Dear All,

I want to sale my parental used silver ornaments approx 50 years old or i have lost the purchases bill

Kindly suggest that can i sale the ornaments and book in long term profit and otherwise any treatment wold be applicable.

Best Regards

Mukesh Sharma

AI Summary

Selling 50-Year-Old Inherited Silver Ornaments Without Purchase Bill: Tax Implications and Long-term Profit Considerations An individual inquires about selling inherited silver ornaments that are approximately 50 years old, for which the purchase bill is lost. They seek advice on whether they can sell these ornaments and record it as a long-term profit, and if any specific tax treatment would apply.