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https://www.rediff.com/business/report/explained-capital-gains-on-sale-and-purchase-of-gold/20191001.htm
"For 24-carat gold, the price was Rs 4,190 per 10 grams,” says Wadhwa. If physical gold is sold within three years of purchase, short-term capital gains (STCG) tax can apply. The gains …Author: Tinesh Bhasin
https://www.bankrate.com/finance/taxes/capital-gains-tax-on-sale-of-gold-or-silver.aspx
Oct 06, 2011 · Gain from the sale of gold is considered collectibles gain and is taxed at a higher rate than conventional long-term capital gains. Collectibles gain is gain or loss from the sale or trade of a...Author: George Saenz
https://cleartax.in/s/capital-gain-tax-on-sale-of-property-shares-gold/
Nov 04, 2020 · 1. What is Capital Gains? Profit or gain arising from the sale of assets such as property, gold, jewellery or shares is called a capital gain. Capital Gains are divided into two categories:
https://www.taxfull.com/107/capital-gain-tax-on-gold-jewellery-if-bought-in-return-of-gold
Hence, there is no capital gains on the return value of the gold. However, when you get back money on purchase of new jewelry, as the cost of new jewelry is less than the gold you are exchanging, there is transfer of capital asset and hence,there will be capital gains.
https://pocketsense.com/need-pay-tax-sell-gold-jewelry-6981.html
Dec 12, 2019 · Most assets, like stocks and bonds, are subject to a maximum long-term gains rate of 20 percent. According to the IRS, collectible items like gold and gems face a special long-term capital gains rate of 28 percent. If your normal income tax rate is lower than 28 percent, your ordinary income tax rate applies instead of the 28 percent rate.
https://taxguru.in/income-tax/capital-gains-tax-gst-sale-goldjewellerysovereign-gold-bonds-gold-etf.html
May 28, 2020 · From the above definition it is very clear that Jewellery is excluded from the exclusions and indirectly included in the definition of capital gains, and it includes ornaments made of gold, silver, platinum or any other precious metal or any alloy containing one or more of such precious metals, whether or not containing any precious or semi-precious stone, and whether or not worked or sewn …
https://www.investopedia.com/articles/personal-finance/081616/understanding-taxes-physical-goldsilver-investments.asp
Feb 16, 2020 · Physical holdings in gold or silver are subject to a capital gains tax equal to your marginal tax rate, up to a maximum of 28%. That means individuals in the 33%, 35%, and 39.6% tax …
https://redrocksecured.com/how-to-invest-in-gold-and-pay-no-capital-gains-tax/
Capital gains tax is assessed after selling an asset such as stocks, bonds, jewelry, precious metals, and real estate. The price that the item sold for is subtracted from the original purchase price to come up with a taxable amount paid to the IRS. Whatever profit you made off the item upon receipt of sale is considered a capital gain.
https://taxguru.in/income-tax/taxation-gold-gold-products.html
Aug 28, 2020 · The profit on sale of your gold is taxable under the head “Capital Gains” unless you are a dealer in gold and jewellery in which case it becomes taxable under the head ”Profits and gains of business or profession”. The tax liability and exemptions from payment of tax available will depend on your holding period.
https://www.timesnownews.com/business-economy/personal-finance/income-tax/article/income-tax-rules-on-sale-of-inherited-gold-jewellery-coins-etfs-sovereign-gold-bonds/463393
The income tax rules on the sale of digital gold, gold mutual funds and gold ETFs are completely similar to that are applicable on the sale of gold jewellery, gold bars and gold coins. However, a person can avail the benefit on the sale of sovereign gold bonds as capital gains realised on …
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