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T S Khurana

T S Khurana   |569 Answers  |Ask -

Tax Expert - Answered on Jan 20, 2026

A certified management accountant since 1993, T S Khurana is a fellow member of The Institute of Cost Accountants of India. His areas of expertise are income tax, specifically litigation cases, and GST.

Since the last 21 years, he has also been providing expert advice on financial matters, including investments and diversification of funds, and wealth building in the long term to his clients.
He believes that investment in real estate is the safest way for better returns and wealth generation over a period of time.

A former chairman of the Chandigarh Chapter of Institute of Cost Accountants of India, T S Khurana has also served as member of its technical committee.... more
Asked by Anonymous - Oct 22, 2025Hindi
Money

My Mother wants to sell some of her gold jewelry to cash. .She is 77 and her only source of income is family pension of 40 k/Month . Will she have any tax implication ?

Ans: She already has a Pension income of Rs.4.80 (L), plus there could be some Interest income also. Any Jewelry sold shall be subject to Capital Gains (may be Short/Long Term).
Most Welcome for further clarifications, if any. Thanks.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
Money

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Ramalingam

Ramalingam Kalirajan  |11390 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jun 05, 2024

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Money
Hi sir. I am a 76 year old muslim widowed lady. I hav 1250 grams of gold jewellry but hav no proof of purchase. I got some of this gold from my parents when i married and some from my husband and some as gifts during my lifetime. I want to sell this gold and receive the amount in my bank AC thru RTGS. I want to give this amount to my grandson in his AC to buy a house for himself. Will i have to pay any tax on it. My son is also alive .
Ans: Selling Gold Jewellery: Tax Implications and Considerations
As a 76-year-old widowed lady, planning to sell gold jewellery totaling 1250 grams without proof of purchase, you have several considerations to make. Your intention to transfer the proceeds to your grandson for purchasing a house raises questions regarding tax implications and legalities. Let’s delve into the details.

Selling Gold Jewellery Without Proof of Purchase
Selling gold jewellery without proof of purchase may present challenges, especially concerning taxation. Without invoices or bills, establishing the source of the gold becomes difficult. However, considering the jewellery's sentimental value and the circumstances surrounding its acquisition, there might be ways to navigate this situation.

Tax Implications
As per Indian tax laws, the sale of gold jewellery is subject to capital gains tax. However, exemptions exist for inherited assets and gifts from relatives, including parents and spouses. Since you acquired some of the gold from your parents and husband, and received some as gifts during your lifetime, these acquisitions might qualify for exemption from capital gains tax.

Transfer of Proceeds to Grandson
Transferring the sale proceeds to your grandson's bank account for purchasing a house is a generous gesture. However, this transaction might trigger tax implications, particularly regarding gift tax.

Gift Tax Considerations
Under Indian tax laws, gifts received from specified relatives, including grandparents to grandchildren, are exempt from gift tax. Hence, if you transfer the sale proceeds to your grandson, it should not attract gift tax, provided the amount does not exceed the specified threshold.

Involvement of Son
The presence of your son may influence the tax implications and legalities of the transaction. Since your son is alive, his involvement in the transfer of proceeds to your grandson may affect tax planning strategies. Consulting with a tax advisor or Certified Financial Planner (CFP) would be prudent to ensure compliance with tax laws and explore tax-efficient options.

Conclusion
In summary, selling gold jewellery without proof of purchase and transferring the proceeds to your grandson for purchasing a house involves tax implications and legal considerations. While the sale proceeds may be exempt from capital gains tax due to the jewellery's inherited and gifted nature, transferring the amount to your grandson requires careful planning to avoid gift tax implications. Involving your son in the decision-making process and seeking professional advice from a tax advisor or CFP can help ensure a smooth and tax-efficient transaction.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

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Hi, I am 58 Yr old Male with 29 yrs into arranged marriage. I have 2 daughters. I am being treated like a stranger in my own house. My wife does not give respect, no value, no love and affection care. Always negatives talking about me for everything. Not listen to any thing regarding family or personal matters. I am not earning much. I am doing my best doing business services. For everything I need basic amount to manage my business until it develops. There is no support for this from my family. Instead of supporting and motivating me, She is always negative about me. She knows I am not earning enough and unable to meet major transactions. She has come from a wealthy family were as I am not. She has helped in providing financial support many times. Now past 3-4 yrs, her behavior has changed. She taunts and blames me for she providing the financial support. Whatever she has provided is always used for family. she knows that. I am unable to focus on my business development. She's gives negative feedback about me to my daughters and they also behave same with me, Instead of supporting and motivating me. There is no intimacy or sex past 1 year. Hardly 1 once in a month earlier, after I force (make positive effort) her lovingly. I love her very much. But this is making me lose that love & affection on her. In our 29 yrs of marriage, she never initiated intimacy, love. Always I been doing it. She never shows interest in getting physical right from 1st day. She has not kissed me even once or hugged me voluntarily in these 29 yrs. I initiate everything. I am romantic. She is not. She gives one or the other reason and avoids. She avoids kissing. She never liked gifts i bought for her. I want her to wear different dresses, but she rejects. Though we sleep on same bed, she just sleeps off. When i go to her, either she pushes or says she has to wake up early sleep now. Even with so many days gap, when I initiate intimacy after 1-3 months, but she taunts saying I only want that from her. I have been hugging, kissing and showing love, affection care on her right from the 1st day of marriage. The same thing is missing from her. I have tried many times talking to her in polite way, trying to woo her, but of no use. I have approached many times we can have one on one talk and sort out any issues she has with me, but she avoids coming into talking terms. I have tried to talk saying lets understand whats going wrong. If I start generally talking, she starts arguing, negative talking and avoids the main discussion that forces me to shut my mouth. when we go out on a 2-3 day trip, she enjoys outing seeing places, food & sleep. Doesn't behave romantically, lovingly. It's just like same as at home. Even I know I am not earning much and trying best to do well. She always keep telling about her money and financial support and her parental house with arrogance & attitude. She has been good with her parental side, but not my side. I believe both husband and wife should take care of family together irrespective of who is more financially strong. Just because I am not earning well, this type of treatment I don't understand. If it was recent few yrs I can understand. But right from day one I have been facing this. Now I've stopped talking much and in silence going through loneliness.
Ans: Dear Prashanth,
I understand that it has been quite difficult for you. After 29 yrs, feeling unwanted, unsupported and criticized can leave anyone extremely lonely. Your problem sounds a lot bigger than just lack of intimacy. There are long-standing communication issues, and both emotional and financial issues. This cannot be solved with romance alone. The better step is to stop pursuing intimacy for now, since your partner is uninterested, and instead focus on having a structured conversation, such as, "Are you willing to work on this marriage, to make it better?" If she refuses to discuss these things with you, I suggest seeing a marriage counsellor; it will be an impartial party looking into the matter, without supporting one over another.

Hope this helps.

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Nayagam P

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Career Counsellor - Answered on Aug 12, 2026

Asked by Anonymous - Aug 12, 2026
Career
my daughter has secured admission in CSE-AI at IGDTUW .Going by the reputation of the institute she withdrew from BITSAT,JOSAA, LNMIIT and MHT-CET counselings. But now after attending the college for few days, she has been completely put off by the real bad infra and attitude of teachers there.Only viable option left now for her is COMEDK, where she can get CSE in MSRIT.We are delhi based and budget is not a issue. Please suggest further course of action.
Ans: Your daughter may consider switching to MSRIT CSE through COMEDK if her initial experience at IGDTUW has led her to reassess her choice. MSRIT offers good industry exposure and the advantage of Bengaluru’s strong technology ecosystem. However, it would be advisable to visit MSRIT and interact with current students before making the final decision.

Please also verify the current COMEDK counselling and reporting status, as deadlines and eligibility can vary by round. Before proceeding, confirm that her specific counselling status permits admission/reporting at MSRIT.

At the same time, it is important to remember that no institution is perfect; every college has its own strengths and areas for improvement. The decision should therefore consider academics, campus environment, faculty interaction, placements, peer group, location and overall student experience.

Finally, ensure that your daughter is comfortable and mentally prepared to relocate from Delhi to Bengaluru, and that you as parents are also equally comfortable with the transition. If MSRIT appears to offer a better overall fit after this evaluation, switching can be a reasonable option. If possible, it may be worthwhile to keep RVCE CSE as a preference until the final counselling round, provided your daughter has already included RVCE CSE among her choices. If the option remains available in the subsequent rounds, she can consider it based on the seat availability and her merit position. All The Best for Your Daughter's Prosperous Future!

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