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gold mining business in india

Different gold investments in India attract different taxes. Tax on buying gold: You will have to pay 3% GST along with any making charges. Tax on sale of gold: It is taxed on a short- and long-term basis. The minimum holding period for gold is 3 years. If you sell the gold within 3 years of buying it, the taxation will be on a short-term basis. If you sell the gold after 3 years, it will attract the long-term taxation slab.

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