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JEWELLERY TAX EXEMPTION
Income Tax Dept seized gold, diamonds and silver in a tax search operation from lady’s house and bank locker; she wins case in ITAT MumbaiHow wife’s 35 yrs old marriage and inheritance helped her win case in ITAT Mumbai after Income Tax Dept seized her gold, diamond, silver it...- Should I make my foreign national son a co-owner of my properties for inheritance?ET Wealth Reader's Query: I’m a single parent and my only son is now a foreign national. I want to safeguard his interests and am wondering...
- India’s gem and jewellery exports rise 0.38% to $2.35 billion in JulyIndia’s gem and jewellery exports remained nearly flat in July 2026, rising 0.38% year-on-year in dollar terms to $2.35 billion, while rupe...
- India’s new 15-year tax break could unlock global rough diamond tradeIndia is closer to becoming a global rough diamond hub. A new tax exemption will attract foreign companies to trade rough diamonds. This me...
- NRI selling property, shares or gold in India? Here's how you can manage your capital gains tax in a better waySelling Indian investments triggers capital gains tax for NRIs, with rules varying by asset type. Property sales offer significant tax redu...
- Indian textile exporters divided over Trump’s latest tariff move; industry seeks faster trade pact, policy supportUS tariff move draws mixed response from India's textile industry, with some fearing export disruption while others see a competitive oppor...
- Trump's tariffs just went from 12.5% to 10%: Why did India get a breather and what it means?The United States has reduced tariffs on most Indian exports to ten percent. This change follows India's recent actions against forced labo...
- Are gifts given to NRIs by relatives taxable? Here's what you need to know about income tax and FEMA rulesNRIs receiving gifts from resident Indians face varying tax implications. Gifts from specified relatives are fully exempt from Indian incom...
- US' temporary 10% tariff set to expire on Friday unless extended or new duties announcedThe 10% temporary US tariff imposed on imports from India and other trading partners is set to expire at 9:31 am IST on July 24, unless the...
- Son becomes NRI, gifts shares worth Rs 30 lakh to father; should this be disclosed in ITR? What taxpayers must do to avoid tax noticesNRI son gifted Rs 30 lakh shares to his father through an off-market transfer. Should it be reported in ITR? Although a genuine gift of sha...
- Gold sitting idle at home? Here's how it could earn you an income and what to watch out forIndians traditionally hold gold as jewellery and a store of wealth, but it often sits idle. Gold leasing offers a way to earn returns by le...
- Selling Gold? Your tax bill depends on how you own it; ETFs, SGBs, jewellery and digital gold comparedUnlike Gold ETFs, both physical gold and digital gold have longer required holding periods for realizing long-term gains. Additionally, Sov...
- Rs 1 lakh investment turns into Rs 3.57 lakh in gold bonds: SGB 2019-20 Series premature redemption date today, check if you need to pay capital gains taxSovereign gold bonds: The Reserve Bank of India has set the premature redemption price for SGB 2019-20 Series-VIII. This offers investors a...
- Rs 1 lakh Investment turns into Rs 2.98 lakh: Sovereign Gold Bond 2021-22 Series premature redemption date todayThe Reserve Bank of India has set the premature redemption price for SGB 2021-22 Series-IV. Investors can redeem these bonds prematurely fr...
- Income tax on gifts: Received cash, property or shares? You may have to pay tax and report it in your ITR in these casesGifts from specified relatives are fully exempt from income tax. Non-relative gifts exceeding certain values become taxable under specific ...
- India exports $140 million worth of goods at zero duty on first day of UK trade pactThe CETA allows entry of nearly 99% of Indian exports at zero duty, and offers significant duty concession to a host of UK imports such as ...
- India-UK trade pact comes into force, gold standard of FTA for bothIndia and the UK have operationalized a free trade agreement, enhancing economic ties. This pact allows zero duty entry for many Indian goo...
- India-UK trade pact comes into force on Wednesday; bilateral trade to hit USD 100 bn by 2030India-UK FTA: India and the UK will implement a comprehensive economic and trade agreement starting July fifteenth. This pact aims to signi...
- Jewellers over Rs 12 crore turnover liable for 1% excise: Finance MinistryAs jewellery shops across India remained shut for a third day to oppose levy of excise duty, the government today went into damage control.
- GJEPC to seek tax exemptions for jewellery purchases by womenGJEPC said it will make a case for seeking tax exemptions for working women on jewellery purchases to encourage demand in the domestic mark...
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