Cryptocurrency Q&A
How much silver is allowed as per income tax?
How much silver is allowed as per income tax?
Caterina
Mon Nov 04 2024
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7 answers
1672
I want to know the limit of silver allowed under income tax regulations. How much silver can I own or earn before it becomes taxable?
7 answers
CloudlitWonder
Wed Nov 06 2024
Consequently, any gains derived from silver investments are taxed.
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HallyuHero
Wed Nov 06 2024
According to the Income Tax Act, investments made in silver bullion are subject to certain tax implications.
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henry_grayson_lawyer
Wed Nov 06 2024
If silver bullion is held for a period exceeding 36 months, it attracts long-term capital gains tax.
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Elena
Wed Nov 06 2024
This classification stems from the fact that silver is deemed a capital asset.
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CryptoPioneerGuard
Wed Nov 06 2024
In the context of taxation, silver is also treated akin to debt securities.
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