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

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.

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

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.

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

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.

Many Indian jewellers open shops; gold discounts drop

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.

Jewellers to call on PM, demand rollback of excise duty

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

Tax refund rate increased for gold jewellery exporters

With an aim to increase jewellery exports, the government Friday increased the duty drawback rate by Rs 73 to Rs 173.7 per gram on gold ornaments.

Govt rolls back gold tax, GAAR deferred till FY14

Bowing to pressure, Finance Minister Pranab Mukherjee Monday announced a slew of measures to provide relief to the jewellery sector and postponed implementation of the general anti-avoidance rules (GAAR) by one year, but offered no concessions to Vodafone involved in tax dispute.

Finance Minister to review gold tax proposal

Parliament Wednesday approved the first part of the Budget with Finance Minister Pranab Mukherjee promising to look into demands for roll back of his proposal to tax unbranded jewellery but ruled out withdrawal of hike in import duty on gold.

Pranab agrees to reconsider duty on unbranded jewellery

Bowing to protests by jewelers and demands in Parliament, Finance Minister Pranab Mukherjee hinted at a roll back of the excise duty on unbranded jewellery but ruled out going back on the hike in import duty on gold and platinum.