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https://stableinvestor.com/2020/06/taxation-gold-capital-gains.html
Jun 04, 2020 · Income tax on Sale of Inherited Gold Jewellery in India (2020) Indians inherit a lot of gold. All the time. That’s part of the culture. So I wanted to touch this aspect separately. I am sure even you have some gold handed to you from family’s previous generations and maybe curious to know about taxes on physical gold in India.
https://www.basunivesh.com/2018/11/02/tax-on-gold-in-india-how-it-is-taxed-while-buying-and-selling/
Nov 02, 2018 · In that case, you have to pay 3% GST on gold of Rs.1,00,000 and 5% GST on Rs.18,000. # You sell your gold in Jewellery Shop and buy the new gold You no need to pay the tax on the amount of jewellery you sold to shop. However, whatever the gold you purchase freshly, the above said rules of GST rate will be applicable.
https://www.reuters.com/article/india-budget-gold-idUSKCN0W20PO
India has reintroduced a local sales tax on gold jewellery after a gap of four years, on top of record import duty, in a move officials hope will dampen demand for the precious metal in the world ...
https://timesofindia.indiatimes.com/city/surat/diamond-jewellery-suppliers-want-online-sales-tax-abolished/articleshow/76163198.cms
Surat: The introduction of two per cent online sales tax will be a severe blow to the industry, alleged Surat Gems and Jewellery Association (SGJA) and the Surat Diamond Association (SDA). The two associations have also demand it to be abolished for overall benefit of the exporters.
https://www.bankbazaar.com/silver-rate/tax-on-silver-2016.html
The report won’t be binding and the tax assessing officer can determine the fair market value separately. 1% Wealth tax is payable if the net taxable wealth exceeds Rs.30 lakh for the financial year. Wealth tax return must be files on the same day you are filing your income tax return. VAT: 1% VAT is charged on the purchase and sale of silver.
https://timesofindia.indiatimes.com/business/faqs/gold-faqs/income-tax-on-gold-and-jewellery/articleshow/60827219.cms
Sep 25, 2017 · What is the tax rate on gold in India? On the purchase of gold, a Goods and Service Tax (GST) of 3% on the value of gold along with the charges related to making. Is profit on gold taxable? Yes, the profit you earn by selling your gold is also taxable.
https://www.livemint.com/money/personal-finance/income-tax-on-selling-gold-here-are-key-things-to-know-1562234032583.html
Gold prices shot up today after the government in Budget 2019 proposed to increase import duty on gold and and other precious metals to 12.5%, making the yellow metal and jewellery expensive in the...
https://economictimes.indiatimes.com/wealth/spend/how-jewellers-calculate-the-price-of-gold-jewellery-you-buy/articleshow/61016003.cms
Dec 14, 2020 · Price of gold jewellery depends on two things - a) parts of gold in the jewellery, that is, 22KT or 18KT, and b) type of metal used to mix with the gold. "Gold is traded (on the exchanges) everyday and demand, supply and various other factors determine the price each day.
https://www.livemint.com/money/personal-finance/selling-inherited-gold-income-tax-rules-you-should-know-1563516426152.html
Income tax rules on sale of gold. The most common form of gold holding in India is gold jewellery. It is to be noted that no income tax is levied on inheritance.
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