Is It Fixed To Keep Gold In The House, Know The Limit 22 July 2023
Buying Gold Is Considered Auspicious In India. There Is A Tradition Of Buying Gold Ornaments At Weddings And Festivals.
But There Is A Big Question That After All, How Much Gold Can Women Keep In The House So That Income Tax Is Not Seized?
The Central Board Of Direct Taxes Cbdt Issued Some Guidelines Regarding Gold In 1994.
If A Married Woman Has Gold Jewelery Up To 500 Grams, The Tax Authorities Will Not Confiscate It.
If An Unmarried Woman Has Gold Ornaments Up To 250 Grams, The Tax Authorities Cannot Confiscate Them.
An Unmarried Or Married Male Member Can Keep Gold Jewelery Up To 100 Grams
If Your House Is Ever Raided By Income Tax, Then You Are Allowed To Keep This Much Gold.
Cbdt Has Made These Rules So That During The Raid Of Income Tax, Relief Can Be Given From The Confiscation Of Gold Jewelery
These Rules Apply To Family Members And Tell That There Are No Fixed Laws Regarding Keeping Gold Jewelery
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