Who has the right to sell the mother’s jewelery after her death often becomes a cause of dispute. After the death of the mother, her children have the right over her gold jewellery. Moneycontrol spoke to tax expert and CA Balwant Jain on this matter. He told that if this jewelery was purchased more than 24 months ago, then you will have to pay 12.5 percent long term capital gains tax on the profit made on selling it.
