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Wealth tax on gold

Tax queries 2070 views 4 replies

HELLO CACLUBINDIA,

Does investing in gold attract wealth tax ? I wan to diversify my investment and planning to invest in gold bar ? Will it attract wealth tax ? Is there any upper limit in investing in physical gold which will attract wealth tax ? What is the rate of wealth tax ?

Thanks Josh

Replies (4)
Wealth tax is levied on jewellary of any kind, in any form. Therefore it includes gold bars also and wealth tax will be attracted @ 1%.

upto 15 lacs wealth tax is exempt

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