Written by
S. Baskar
Senior Financial Analyst
Presently there is no law which restricts owning of gold or gold jewellery by us. The CBDT issued a circular on 11-May-1994, Which was further clarified in a press release, Starting that no proof of investment is necessary for gold possessed within the authorized.
Wealth Tax Return
In case of wealth tax assesses, Gold jewellery and ornaments found in excess of gross weight declared in the wealth tax return.
Specified Limit
Status, Customs, Community
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