IT Gold Rules: How Much Can You Keep Without Confiscation?
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News18•05-01-2026, 15:24
IT Gold Rules: How Much Can You Keep Without Confiscation?
- •Income Tax Department cannot confiscate gold jewelry up to 500g for married women, 250g for unmarried women, and 100g for men.
- •These limits apply strictly to gold jewelry; gold coins, bars, or other forms are not covered.
- •If gold exceeds prescribed limits, proving its source (inheritance, gifts, declared income) is crucial to avoid confiscation.
- •There is no upper limit for gold purchased using declared income, provided proper documentation is maintained.
- •CBDT Instruction No. 1916 outlines these rules, acknowledging Indian traditions like Stridhan.
Why It Matters: Know IT gold limits; gold from declared income is safe, regardless of quantity.
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