
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 Sovereign 1918-I NGC-MS64 Very Choice Brilliant Uncirculated gold coin $550.00 |
| | CANADA 0 GOLD COIN 14K 1991 * EMPRESS OF INDIA * $532.29 |
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