Are investments in gold coins / biscuits subject to tax on capital gains in India? <!–
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By Law IT in India jewelry is considered a capital asset. Will gold coins / biscuits regarded as jewelry, will be considered only as a personal effect. If not, gold, become a part of the wealth generated by the debt relief under wealth tax?
Check here capital gain tax is about http://www.rediff.com/money/2007/mar/09gold.htm 20-30% (ETF gold, physical gold )….
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| | INDIA STATE GOLD FANAM 16-18 CENTURY GOLD COIN 5000 PCS $199,999.99 |
| | INDIA STATE GOLD FANAM 17-18 CENTURY GOLD COIN 1000 PCS $59,999.99 |
| | INDIA 11 – 12 CENTURY WORLD SMALLEST GOLD COIN 1000 PCS $9,999.99 |
| | INDIA 5 CENTURY ASWAMEGH CHANDRA GUPTA RARE INDIAN GOLD ANCIENT COIN $5,999.99 |
| | BRITISH India 1841 Queen Victoria 1 Mohur Gold Coin Nice Patina SJA-242 AU coin $3,849.99 |
| | INDIA STATE FANAM GOLD COIN 18 – 19 CENTURY INDIAN GOLD COINS LOT OF 100 PCS $3,599.99 |
| | INDIA 5 TH.CENTURY AD GUPTA DYNASTY VERY RARE GOLD COIN $999.99 |
| | INDIA 11 -12 CENTURY WORLD’S SMALLEST GOLD COIN LOT OF 100 PCS $899.99 |
| | RARE BRITISH INDIA BENGALL PRESIDENCY GOLD COIN 1677-1835 2 AH 1209 –19 J836 $899.68 |
| | RARE INDIA MUGHAL EMPIRE GOLD MOHUR 1661/2 AH 1071 GOLD COIN J835 $698.63 |
| | India Sovereign 1918-I NGC-MS64 Very Choice Brilliant Uncirculated gold coin $550.00 |
| | CANADA 0 GOLD COIN 14K 1991 * EMPRESS OF INDIA * $532.77 |
| | 1270-1311 AD INDIA-RAMACHANDA LOTUS FLOWER GOLD COIN ~15mm 3.9-GRAMS $469.99 |
| | INDIA: gold coin kingdom of vijayanagar 1/2 pagoda GOLD fot idntify RR!! $350.00 |
| | INDIA 1/2 PAGODA VENKATAPATIRAYA III LAKSHMI GOLD COIN $299.99 |
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