Finance
Mr. BillionhairGold Ownership in India: No Limits If You Play It Smart
Folks, it’s wedding season in India, and families are moving gold like it’s the hottest stock! No legal limits, folks, just explain where it’s from! Ladies, 500 grams; gents, a measly 100. Hindu families? It’s all about income! Stay calm during tax raids, avoid panic, and don’t let misconceptions cost you big! Gold is beautiful, but follow the rules, believe me!
few days ago | Sunainaa Chadha
Quick rundown
1.No legal cap on gold ownership in India if source is explainable.
2.CBDT guidelines set non-seizure thresholds during tax searches.
3.Married women can hold up to 500 grams of gold jewellery.
4.Cultural norms influence gold holding limits in India.
5.Proper documentation is crucial to avoid tax scrutiny.
