Gold In India: How much 22 and 24 carat can a Man and Woman keep at home?
It's crucial to know the permissible gold limits for married women, unmarried women, and men. Exceeding these limits requires submitting proof to the Income Tax Department.
FollowGold Storage Limit
Women's love for gold is undeniable. Even with record-high prices, the gold market remains strong. Many women possess more gold than they wear.
Gold
There's a limit on gold storage in India. Exceeding this limit can lead to confiscation and further action by the Income Tax Department. The limit varies for each individual.
Gold Storage
The CBDT sets gold limits. Married women can hold 500g (62.5 pavun). Possessing gold below this limit avoids legal action.
Gold Rate
Unmarried women can hold half the amount allowed for married women: 250g (31.25 pavun). Men can hold 100g (12.5 pavun).
Gold Limit Rules
Exceeding the gold limit requires submitting proof of purchase and income source to the Income Tax Department.
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