Wealth tax on gold

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IT
112 Points Posted on 27 March 2008

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

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On 27 March 2008 at 19:38 Report
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Chartered Accountant
157 Points Posted on 28 March 2008
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%.
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On 28 March 2008 at 02:19
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Finance Controller CA. CS. CFA. CIFRS.
7375 Points Posted on 28 March 2008

upto 15 lacs wealth tax is exempt

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On 28 March 2008 at 08:52
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Accounting and Tax consultants
276 Points Posted on 28 March 2008

what are rules in karnataka for professional tax in 2008.09

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On 28 March 2008 at 11:23
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Posted on 04 November 2008

What r the Various Mutual Fund Valuation Models?

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On 04 November 2008 at 13:19

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