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https://www.goodreturns.in/classroom/2016/08/how-is-wealth-tax-capital-gains-tax-payable-on-gold-480084.html
As per the present provisions, you have to pay 1 per cent of the amount as Wealth Tax on gold, if the valuations is above Rs 30 lakhs. If you do not file a tax returns for Wealth Tax, the Income ...
https://taxguru.in/income-tax/income-tax-selling-gold.html
Nov 14, 2020 · (i) In the case of a wealth-tax assessee, gold jewellery and ornaments found in excess of the gross weight declared in the wealth-tax return only need to be seized. (ii) In the case of a person not assessed to wealth-tax gold jewellery and …
https://www.totaram.com/education/do-i-have-to-pay-income-tax-on-gold-jewelry/
Capital gains on collectibles, including gold jewelry, are taxed at 28 percent. Here is how you calculate the amount of tax you owe on the proceeds of selling gold jewelry- you take what the item is worth at current fair market value minus the price you originally paid for the jewelry.
https://itatonline.org/articles_new/implications-of-jewellery-found-during-the-course-of-search-u-s-132-of-the-income-tax-act-1961/
Jun 11, 2020 · (i) In the case of a wealth-tax assessee, gold jewellery and ornaments found in excess of the gross weight declared in the wealth-tax return only need to be seized. (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 male ...
https://taxguru.in/income-tax/rates-of-gold-and-silver-for-wealth-tax-valuation-purpose-along-with-valuation-rules.html
Apr 28, 2020 · However taxation of Gold ETF is same as selling gold jewellery. It means if Gold ETF is sold after 36 months from the date of purchase then Long term capital gain tax is levied @ 20% on the profits and if it is sold within 36 months then short term capital gain tax on the profits will be levied at normal slab rates.
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 authorities during …
https://economictimes.indiatimes.com/wealth/tax/are-ancestral-jewellery-property-gifts-taxable/articleshow/54043037.cms
As the gold and diamond jewellery are ancestral property, the gain on transfer of the same will be chargeable to tax under the head “Long-Term Capital Gains". Every week, an expert selected by ET answers queries from our readers on tax .
https://www.lawyersclubindia.com/experts/valuation-of-jewellary-under-wealth-tax-47681.asp
Nov 13, 2009 · Where the valuation of jewellery has been determined by valuation officer for any assessment year, then such valuation shall be adopted for susequent 4 assessment years subject to the following adjustments:(a) if jewellery include gold or silver then the market valude of gold, silver etc as on valuation date shall be substituted (b) Adjustment shall be made in respect of any acquistion or sale of jewellery during the priod. Wealth tax …
https://www.caclubindia.com/experts/limit-of-exemption-for-an-assessee-to-keep-jewellery--835650.asp
(i) In the case of a wealth-tax assessee, gold jewellery and ornaments found in excess of the gross weight declared in the wealth-tax return only need be seized. (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 male member of the family need not be seized.
https://economictimes.indiatimes.com/wealth/spend/how-jewellers-calculate-the-price-of-gold-jewellery-you-buy/articleshow/61016003.cms
Oct 10, 2017 · Final price of the jewellery = Price of (22 KT or 18 KT) gold X (Weight in grams) + Making charges + GST at 3% on (Price of jewellery + making charges) The below example can help you understand this better. Suppose the price of gold listed by the jeweller is …Author: Preeti Motiani
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