Govt rolls back 1% tax on cash purchase of gold jewellery
In a move that may
boost demand for gold jewellery, the government has rolled back its budget
decision to apply 1% tax collection at source on cash purchase of gold
jewellery of Rs 2 lakh and above and raised the threshold to the earlier Rs 5
lakh with effect from June 1.
Other Commodities Videos
MCX gold prices hit all-time high of Rs 60,000; key factors driving the rise explained
ET Money Show: Should you stay put with your gold or exit?
Rupee falls past 80/dollar for the first time ever
Commodities corner: Crude continues to hold around USD 100/bbl, gold recovers from lows
Watch: Why palm oil prices on a downtrend, slipping 42% in last one month and nearing 52-week low
