If you buy gold as an investment, then it is possible that in future you will have to pay tax on the income earned from it. In India, it can be brought under the ambit of capital gains tax.
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Gold safe investment for future among common Indians (Gold Investment) is viewed as. Especially for women, it is the support of their old age. The reason for this is the good returns you get on selling old gold. But now soon people will have to pay tax on the income earned from investing in gold. (Capital Gain Tax on Gold) may have to be given.
ET Now has reported quoting sources that the category of many properties in India can be changed according to the tax rules. Gold can be kept under the ambit of assets on which capital gains tax is levied.
Capital Gain Tax, (What is Capital Gain Tax) Tax is levied on the income generated from an asset over a specified period. This includes income from share market or real estate.
(This news is currently being updated)
English Headline : India may consider gold for capital gain tax says sources claimed just before budget.
Source: www.tv9hindi.com”