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Various points clarified with respect to gold jewellery and ornaments; No limit on holding of gold jewellery or ornaments by anybody provided it is acquired from explained sources of income including inheritance

News and Press Release - Dated:- 1-12-2016 - In order to remove any doubt about the current position of Income Tax Law with respect to gold jewellery and ornaments, the following points are hereby cat .....

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11.5.1994, instructions have been issued in the matter of search and seizure of gold jewellery. (c) Jewellery and ornaments to the extent of 500 gms for married lady, 250 gms. for unmarried lady and 1 .....

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