Buying gold to get costlier: Gold import duty hiked by 5%; this is how much you’ll pay in taxes now

[ad_1] India has raised basic import duty on gold to 12.5 per cent from 7.5 per cent, according to a government notice dated June 30. This step has been taken to reduce influx of gold into the world’s second-largest consumer of the precious metal, after India’s ballooning trade deficit pushed the Rupee to a record […]

Buying gold to get costlier: Gold import duty hiked by 5%; this is how much you’ll pay in taxes now Read More »