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India Fails to Lower Tax on Gold



Posts : 16471
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Join date : 2013-01-12

India Fails to Lower Tax on Gold

Post by Lobo on Thu 17 Mar 2016, 1:20 pm

India surprised everyone. They did not remove the tax on gold and in fact increased it. India is the number-one consumer of gold jewelry. Sales have declined recently because many expected the tax to be lifted. A near 10% tax on gold has been rather high. Nevertheless, the government sees this as a capital outflow.

    Current date/time is Fri 21 Oct 2016, 6:14 am