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Gold tax News

06 Dec 2016

Government has no plan to impose tax on gold jewellery of women

Dispelling fears of government action on gold hoarding or jewellery belonging to households, Union Minister Ravi Shankar Prasad, on Tuesday, said that government is not considering any plan to impose tax on jewellery of women.

01 Dec 2016

No tax on gold purchased out of disclosed income; maximum 500 gm per married woman allowed: Govt

Gold in all its forms that is purchased out of disclosed or exempted income, household savings and inherited through a legal course from ancestors will not be subject to tax, said Finance Ministry on Thursday.

31 May 2016

Govt rolls back 1% tax on cash purchase of gold jewellery

The government has rolled back its budget decision to charge 1% tax collection at source on cash purchase of gold jewellery.

Jewellery Trade Federation

11 Apr 2016

Many Indian jewellers open shops; gold discounts drop

More than half of Indian jewellers reopened their shops on Monday after keeping them closed for nearly six weeks in protest over the reintroduction of excise duty on gold jewellery.

04 Apr 2016

Jewellers to call on PM, demand rollback of excise duty

The jewellery manufacturers who have been on a strike are likely to meet Prime Minister Narendra Modi to demand rollback of 1 per cent excise duty imposed in the 2016-17 Budget

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