Kolkata: The gem and jewellery sector, hit by cash flow and facing hurdles in financing, is expecting that the growth in exports will be flat in dollar term by end of the current fiscal, an official said on Tuesday. The industry is betting on the Christmas sales in the US[Read More…]
Tag: Jewellery
Tips to flaunt jewellery this party season
New Delhi: Party season brings lot of jazz and fun and with that comes the struggle to look different than the crowd. How about adding some style statement with right jewelleries. Varda Goenka, Founder and Creative Director at Varda Goenka- Fine Jewels by Diagold and Sonal Sahrawat, Creative Director, Sonal’s[Read More…]
Rs 65 cr illegal income of Karnataka hair exporters detected
Income Tax raids on human hair exporters in Karnataka recently resulted in disclosure of Rs 65 crore and seizure of crores in cash and jewellery from them, said an official on Tuesday. “Tax evasion even on income from hair offered by devotees in temples was found by our investigation directorate[Read More…]
Jewellery/gold purchased out of disclosed income not to be taxed
The finance ministry on Thursday said that the Amended I-T Act will not apply to tax jewellery/gold purchased out of disclosed income or exempted income or reasonable household savings, reported Indian Express. The announcement by the Central Board of Direct Taxes (CBDT) has given a major relief to the people[Read More…]