Whether precious stones can be treated as capital assets? myITreturn Helpdesk Updated May 20, 2016 11:31 Follow You can complete filing your Income-tax return in just 15 minutes using the website or the mobile app: Click to Start on myITreturn.com Download App and complete your return yes, precious stones are treated as capital assets. Precious stones, Capital Assets, Income Tax return The page confirms that precious stones are treated as capital assets. Not filed yet? File your Income-tax return with myITreturn.com 3 reasons to file with myITreturn: Registered with the Income-tax Department Accurate and Simple Over 20 lakh users Start your tax return or if you have a simple tax return, you can download our mobile app and file your Income-tax return Download app Related articles Whether silver utensils can be treated as capital assets? Whether old and unyielding rubber trees can be treated as capital assets? What is the tax implication on zero coupon bonds? Comments 0 comments Please sign in to leave a comment.