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https://www.goodreturns.in/classroom/2016/08/how-is-wealth-tax-capital-gains-tax-payable-on-gold-480084.html
Aug 10, 2016 · Capital gains tax is also applicable. Gold generates so much wealth over a period of time, that we may have to pay wealth tax on gold. Capital gains tax is also applicable.Estimated Reading Time: 3 mins
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 · (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.Estimated Reading Time: 12 mins
https://www.mymoneysage.in/blog/no-tax-on-gold-jewellery-acquired-through-legitimate-exempted-income/
May 30, 2018 · • By disclosing the tax receipts of the wealth tax paid by you up to the year 2014-15 as you would have declared the gold passed on to you through generations in your wealth tax returns. • If your taxable income exceeds Rs. 50 lakhs per annum, then you would have declared the details of the jewellery held by you in your tax returns filed ...
https://www.taxscan.in/wealth-tax-assessment-liability-to-arise-once-seized-gold-jewellery-cash-is-released-bombay-hc-read-judgment/117547/
Jun 06, 2021 · The Bombay High Court ruled that the wealth tax assessment liability will arise once seized gold, jewellery, cash is released.Estimated Reading Time: 3 mins
https://taxguru.in/income-tax/rates-of-gold-and-silver-for-wealth-tax-valuation-purpose-along-with-valuation-rules.html
May 26, 2014 · 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. 4.Email: [email protected]
https://goldsilver.com/blog/irs-1099-gold-reporting-private-gold-private-silver-bullion/
Gold and silver jewelry, like bullion, is also considered a collectible. So if you sell your bullion jewelry for a profit, it is subject to the same maximum 28% capital gains rate for precious metals and must be reported on your income tax return.
https://taxguru.in/income-tax/applicability-wealth-tax-making-charges-jewellery.html
Jun 25, 2014 · d) In many cases, the Department also argues and levy wealth tax on the making charges of the jewellery on the ground that when a manufacturer of gold jewellery or a person engaged in business of jewellery sell such items into open market, they also realize the making charges.
https://www.business-standard.com/article/economy-policy/all-you-need-to-know-about-tax-on-gold-and-jewellery-116120100775_1.html
"The jewellery/ gold purchased out of disclosed income or out of exempted income like agricultural income or out of reasonable household savings or legally inherited which has been acquired out of explained sources is neither chargeable to tax under the existing provisions nor under the proposed amended provisions," the CBDT said.
https://www.lawyersclubindia.com/experts/valuation-of-jewellary-under-wealth-tax-47681.asp
Nov 13, 2009 · Wealth tax will be charged @ 1% on the net wealth including jewellery in excess of Rs.15 lakhs on the valuation date (31st March of the Previous Year).
https://www.caclubindia.com/experts/limit-of-exemption-for-an-assessee-to-keep-jewellery--835650.asp
Dec 06, 2011 · (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.
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