@R_N_Vaghani
CA Ruchita Vaghani
2 days
๐Ÿ’ก Gold Holding Limits under Income Tax Act ๐Ÿšซ No tax officer can seize your gold jewellery if it is within these limits (even if not explained by income): ๐Ÿ‘ฉโ€๐Ÿฆฐ Married woman โ€“ up to 500 gms ๐Ÿ‘ฉ Unmarried woman โ€“ up to 250 gms ๐Ÿ‘จ Male member โ€“ up to 100 gms ๐Ÿ‘‰ Excess gold can be
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Replies

@UnculturedTrade
Uncultured Trader ๐Ÿ‡ฎ๐Ÿ‡ณ
2 days
@R_N_Vaghani Same for both rural and urban areas?
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@R_N_Vaghani
CA Ruchita Vaghani
2 days
@UnculturedTrade yes isme rural urban jaisa kuchh nahi hai sabke liye same
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@suvendu_owner
explore
23 hours
@R_N_Vaghani Getting salary income only . Paid tax . Bought using white money, have receipt of all the holdings - can I keep more than 100gm?
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@R_N_Vaghani
CA Ruchita Vaghani
22 hours
@suvendu_owner yes obviously, you can hold any amount of gold with valid documentc
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@camukeshkabra
Taxation Kabra
1 day
@R_N_Vaghani What about jewelry studded with diamond? No clarity by the department. Let me clear if jewelry is not kept with identification mark of specific person it is very difficult to get it clear from 1st stage itself
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@elitetradeindia
EliteTradeIndia
1 day
@R_N_Vaghani Quick fact-check: these arenโ€™t legal โ€œholding limits.โ€ Theyโ€™re CBDT non-seizure thresholds during raidsโ€”500g (married), 250g (unmarried), 100g (male). Unexplained extra can still face taxโ€”keep invoices/wealth disclosure
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@theexplorer_s
The Explorer
23 hours
@R_N_Vaghani These are non-seizable limits during raids. They are not taxation limits or ownership caps โ€” you can hold more gold if you can explain its source (e.g. inheritance, purchase with declared income, gifts, etc.).
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@HeyParth2
Good Governance Jokes ๐Ÿ‡ฎ๐Ÿ‡ณ๐Ÿ‡ฆ๐Ÿ‡ช๐Ÿ‡ฌ๐Ÿ‡ง๐Ÿ‡บ๐Ÿ‡ธ
20 hours
@R_N_Vaghani Stree dhan cannot be touched ! Many parents pass on gold to the next generation
@HeyParth2
Good Governance Jokes ๐Ÿ‡ฎ๐Ÿ‡ณ๐Ÿ‡ฆ๐Ÿ‡ช๐Ÿ‡ฌ๐Ÿ‡ง๐Ÿ‡บ๐Ÿ‡ธ
11 months
@manoj_216 Most gold in India is passed down generations - how do they provide receipts for short term or longer term capital gains ? Removing indexation on all asset classes was a crime committed by govt on its people
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@Whyaskerr
Omprakash
1 day
@R_N_Vaghani Acha huya subjected to area, community, age sub clause me nhi dala
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@ss_qq_uu
SS
20 hours
@R_N_Vaghani But source toh batana padega
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@dbdindia
Dhaval B Doshi
24 hours
@R_N_Vaghani Any official Income tax notification highlighting this facts ?
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@gvirendra108
Veerendra Goswami
20 hours
@R_N_Vaghani Is this applicable for our demate account ? How much gold and silver I can buy in my demat account?
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@Macca_Bee1
M.E.
2 days
@R_N_Vaghani Does this apply to physical gold only?
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@TALI189
B Happy(Ms Gujju-INDIAN)๐Ÿ‡ฎ๐Ÿ‡ณ๐Ÿ‡ฎ๐Ÿ‡ณ๐Ÿ‡ฎ๐Ÿ‡ณ
2 days
@R_N_Vaghani This is inform of jewellery or baar , as it not clear
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@Bhushan_Shelat
Bhushan
1 day
@R_N_Vaghani Act forgets to add the limits for corrupt IAS officers who amassed gold more than this Income Tax is unfair by not giving them this choice
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@rscompanyy
RS & Co.๐Ÿ‡ฎ๐Ÿ‡ณ
2 days
@R_N_Vaghani Atleast cite notification/order number and year
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@amit_kh_1
Amit Khandelwal
1 day
@R_N_Vaghani The above limit excludes bullion just to clarify
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@tangdi_kabab
Banana Peel๐ŸŒ
1 day
@R_N_Vaghani Generational gold?
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@chintztweet
Chintan
20 hours
@R_N_Vaghani Equality when?
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@gupta_suhel
Suhel Gupta
2 days
@R_N_Vaghani Partially incorrect. The limits are only for exemption from seizure. If gold is unexplained, it will be added as income. The limit doesnt mean you dont have to explain it. If the social stature of the assessee is such that he cant afford even 50g, it'll be treated as unexplained
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@DrParasJain15
Dr. Paras Jain
2 days
@R_N_Vaghani This is through departmental instructions which are subject to one rider age and status of the subject though in practice applied as rule of thumb
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@ProfRanter
DL
20 hours
@R_N_Vaghani Me with 0.5gm reading and bookmarking this.
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@DrParasJain15
Dr. Paras Jain
2 days
@R_N_Vaghani The protection is against seizure only
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