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Gold, jewellery inherited or acquired through disclosed income will not be taxed

'No seizure of gold jewellery to extent of 500 gms per married lady, 250 gms per unmarried lady and 100 gms per male'

BS Web Team  |  New Delhi 

Gold loses status of most liquid asset post demonitisation
Gold

The Taxation Laws (2nd Amendment) Bill 2016 will not or any other jewellery inherited or acquired out of disclosed income, the Finance Ministry clarified on Thursday

As apprehension mounted over the newly amended law, the Finance Ministry said that purchased out of disclosed income or exempted income or reasonable household savings will not be chargeable to tax.

No seizure of jewellery to extent of 500 gms per married lady, 250 gms per unmarried lady and 100 gms per male, Finance Ministry said.

Besides, the ancestral or jewellery acquired from explained sources won't be taxed either. 


Gold, jewellery inherited or acquired through disclosed income will not be taxed

'No seizure of gold jewellery to extent of 500 gms per married lady, 250 gms per unmarried lady and 100 gms per male'

No seizure of gold jewellery to extent of 500 gms per married lady, 250 gms per unmarried lady and 100 gms per male, Finance Ministry said. The Taxation Laws (2nd Amendment) Bill 2016 will not or any other jewellery inherited or acquired out of disclosed income, the Finance Ministry clarified on Thursday

As apprehension mounted over the newly amended law, the Finance Ministry said that purchased out of disclosed income or exempted income or reasonable household savings will not be chargeable to tax.

No seizure of jewellery to extent of 500 gms per married lady, 250 gms per unmarried lady and 100 gms per male, Finance Ministry said.

Besides, the ancestral or jewellery acquired from explained sources won't be taxed either. 


image
Business Standard
177 22

Gold, jewellery inherited or acquired through disclosed income will not be taxed

'No seizure of gold jewellery to extent of 500 gms per married lady, 250 gms per unmarried lady and 100 gms per male'

The Taxation Laws (2nd Amendment) Bill 2016 will not or any other jewellery inherited or acquired out of disclosed income, the Finance Ministry clarified on Thursday

As apprehension mounted over the newly amended law, the Finance Ministry said that purchased out of disclosed income or exempted income or reasonable household savings will not be chargeable to tax.

No seizure of jewellery to extent of 500 gms per married lady, 250 gms per unmarried lady and 100 gms per male, Finance Ministry said.

Besides, the ancestral or jewellery acquired from explained sources won't be taxed either. 


image
Business Standard
177 22

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