FINANCE & STOCK ADVICE: Taxation Rules For Gold Jewellery

Whats the taxation rules for GOLD?

Any profit on transaction of gold is considered under the category of capital gains.

How Can we know whether it is long term or short term capital gain?

Gold ornaments held for a period of more than 36 months are long term capital assets and attract long term capital gains (LTCG) tax. If held for less than 36 months, then they are short term capital assets and attract short term capital gains (STCG) tax.

How to calculate LTCGT?

Long Term Capital Gain Tax = (sale price of ornaments - Indexed cost of acquisition)x 20%

What is indexed cost of acquisition?

The tax laws allow you to take the benefit of rising prices or inflation. That is, your original purchase price will be adjusted to current prices. That way, your inflation adjusted gains will be lower than the absolute gains.

MULTI BAGGER STOCK GROUP

Some of my group's multi bagger picks during the rally were NMDC , MMTC , STC , Larsen ,Jindal Steel & Power , Unitech , BF Utilities , Jai Corporation , Walchand Nagar Industries, RNRL , Reliance Infra (Reliance Energy) etc.

I had been long associated with a corporate engaged in financial services , where with the assistance of specialized tools along with my special analysis as per some historical accepted theories of stock market like W. D. GANN's Theory , Elliot Wave Theory and others are used with reliable insider information of so called " operators" who play a major role to make a stock ,a Multi Bagger ,I do make my gem picks in this market.

I had been running my group , where the associated people get the reliable and most beneficial to get the unexpected return as seen in the above mentioned tips. Say for example the stock called MMTC had jumped from 2000 level to 56000 per share of historical price where the capital appreciated by 28 times in very short period with 2700% return on capital employed. Likewise in RNRL we started accumulating at RS 25 level from where we saw it moving at 250 level giving 10 times with 900% return.

These sort of return is helpful as ,

1. Handsome gain will make a jack to our capital.

2. Limited stocks trade , as daily trade could be avoided , which is more risky.

3. Long term capital gain , so no tax liability.

4. Whole income in white, which could be further deposited into fixed deposit to get assured monthly income later.

5. Strong income tax file without paying any taxes.

Our role here could be summarized as :

1. Giving tips to all registered member at proper time , when the stock is just about to take off, neither too early not too late.

2. Make sure investor do not gt stuck into it.

3. Recommend to exit when the operator is about to leave it.which is the most important work or else the whole accumulated and deemed profit will be washed away along with part of investment and will remain stuck for long - long period.


Name *
Email *
Subject *
Message *

Pages

Taxation Rules For Gold Jewellery