Hey @Mikedias
When selling gold jewelry that has been held for over 24 months, a long-term capital gains tax of 12.5% applies to the profit made from the sale. The taxable amount is calculated by subtracting the cost of acquisition (the purchase value) from the sale proceeds. To determine the cost of acquisition, you should use the available purchase invoices.
Additionally, she must apply for a PAN before proceeding with the sale, as she will need it to file her ITR and report the capital gains tax.