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https://www.bloomberg.com/news/articles/2019-07-05/gold-loving-indians-to-pay-more-as-tax-raised-after-six-years
Jul 05, 2019 · The tax increase may discourage buyers and demand in the physical market may slide by 10% this year from 760 tons in 2018, according to the All India Gems & Jewellery Domestic Council.
https://www.goodreturns.in/classroom/2016/08/how-is-wealth-tax-capital-gains-tax-payable-on-gold-480084.html
If you have paintings, cars and gold jewellery exceeding Rs 30 lakhs, you have to pay wealth tax. So, let us assume that you have 1 KG of gold.
https://taxguru.in/income-tax/income-tax-selling-gold.html
Nov 14, 2020 · The gold purchase is not taxable in India. (1) Income Tax on Selling Physical Gold The most common way of buying gold is in the form of jewellery, gold bars and coins. Capital gains from the sale of physical gold is taxed based on whether it is short term or long term capital gains.
https://www.goodreturns.in/news/2014/10/31/how-much-wealth-individuals-have-pay-on-gold-gold-jewellery-india-319152.html
Not many people understand the implications of not declaring wealth and paying proper Wealth tax on the same. If personal wealth like gold, jewellery, paintings, land etc., exceed a sum of Rs 30 ...
https://www.business-standard.com/article/economy-policy/all-you-need-to-know-about-tax-on-gold-and-jewellery-116120100775_1.html
Dec 01, 2016 · Amendments to the I-T laws do not seek to tax inherited gold and jewellery as also those items that are purchased through disclosed or agriculture income, the government said on Thursday.. The Lok Sabha earlier this week passed the Taxation Laws (Second Amendment) Bill, which proposes steep tax and penalty of up to 85 per cent on undisclosed wealth discovered by tax …
https://www.latestlaws.com/bare-acts/central-acts-rules/direct-tax-laws/the-wealth-tax-act-1957/wealth-tax-exemption-of-heirloom-jewellery-of-rulers-rules-1958/
The Wealth-Tax (Exemption of Heirloom Jewellery of Rulers) Rules, 1958. Published vide Notification in the Gazette of India, 1958, Part 2, Section 3, page 665. 1755. G.S.R. 719, dated the …
https://www.bankbazaar.com/gold-rate/gst-on-gold.html
GST on Gold Purchase The tax slabs were announced on June 3rd, 2017 and gold will be taxed at a rate of 3%. In other words, all gold and gold-related jewellery would be taxed at a flat rate of 3%, which would be borne by the end consumer. GST on Gold Making
https://www.caclubindia.com/experts/limit-of-exemption-for-an-assessee-to-keep-jewellery--835650.asp
(ii) In the case of a person not assessed to wealth-tax gold jewellery and ornaments to the extent of 500 gms. per married lady, 250 gms. per unmarried lady and 100 gms per …
https://www.paisabazaar.com/tax/wealth-tax/
Sep 09, 2019 · Currently there is no wealth tax in India after it was abolished in the Union Budget 2015 which came into effect in FY 2015-16. Under the current direct tax structure instead of wealth tax, the tax authorities apply a surcharge on those with higher income and this surcharge was increased in the Union Budget …
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