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Owning and selling gold outside india


MMM (Manager)     26 December 2013

MMM
Manager 
 28 points

| My Other Post

I need help on the following queries

1. Can an Indian citizen, residing in India, use LRS to purchase and hold physical gold in a foreign country?

2. Does this asset have to be disclosed and will it attract wealth tax?

3. Will gains from the sale of this asset attract any taxes in India?

Thanks.




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