Rules on gold jewellery and ornaments in India
How much Gold Jewellery and Ornaments you can hold legally without proof? And where do you currently stand?
As per many High Court Judgements, & CBDT Instruction No 1916
Married Women – 500 grams
Unmarried Women – 250 grams
Male Member – 100 grams
For example, in a family consisting of a Father, Mother, Married Son & his Wife and unmarried Daughter, total 5 members can hold
2 Married Women – 500 *2 = 1000 gms
2 Male Member – 100*2 = 200 gms
1 Unmarried Women = 250*1 = 250 gms
Total = 1450 gms of Gold Jewellery
The CBDT guidelines in Instruction No 1916 define the limits for Search operation and seizure and not for assessment, however, various High Court rulings considering Indian Traditions and Customs are of the opinion that such holding found in possession will not be questioned for its source and acquisition.
The quantities specified in the instruction are to be treated as reasonable and therefore explained and should not be the subject matter of additions during assessments
As per Hindu Tradition, gold is given as streedhan or inherited via Will or else received as gift during marriage or other occasions as customary practice since time immemorial. Many times the invoice or proof of buying is not available. In such cases, the limits as mention above can be assumed as reasonable as per Hindu traditions and the status of the family.
Note the above limits are applicable only for Gold Jewellery in form of ornaments and not for Gold coins or bars.
Further, there is no ceiling or limit upto which you can own Gold Jewellery and Ornaments or Gold Coins or Bars provided it is acquired from the explained source of income and inheritance (Eg proof like bills and Will), meaning legitimate holding of Gold to any extent is permissible and protected more
As per many High Court Judgements, & CBDT Instruction No 1916
Married Women – 500 grams
Unmarried Women – 250 grams
Male Member – 100 grams
For example, in a family consisting of a Father, Mother, Married Son & his Wife and unmarried Daughter, total 5 members can hold
2 Married Women – 500 *2 = 1000 gms
2 Male Member – 100*2 = 200 gms
1 Unmarried Women = 250*1 = 250 gms
Total = 1450 gms of Gold Jewellery
The CBDT guidelines in Instruction No 1916 define the limits for Search operation and seizure and not for assessment, however, various High Court rulings considering Indian Traditions and Customs are of the opinion that such holding found in possession will not be questioned for its source and acquisition.
The quantities specified in the instruction are to be treated as reasonable and therefore explained and should not be the subject matter of additions during assessments
As per Hindu Tradition, gold is given as streedhan or inherited via Will or else received as gift during marriage or other occasions as customary practice since time immemorial. Many times the invoice or proof of buying is not available. In such cases, the limits as mention above can be assumed as reasonable as per Hindu traditions and the status of the family.
Note the above limits are applicable only for Gold Jewellery in form of ornaments and not for Gold coins or bars.
Further, there is no ceiling or limit upto which you can own Gold Jewellery and Ornaments or Gold Coins or Bars provided it is acquired from the explained source of income and inheritance (Eg proof like bills and Will), meaning legitimate holding of Gold to any extent is permissible and protected more
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Dear Sir/Madam, GREETINGS Can Nominee sell sold and keep forcefully of her so called husband without his consent Both Father and Mother have died long back How to get Legal heir and stake claim as son was away 10 years from Father With Warm Regards, Pradeep Chowdhary My Mobile India:9871439992/9148881527 Sent from Yahoo Mail on Android On Fri, 5 May 2023 at 13:19, Vinita Agrawal wrote: more
May 24
Never heard of such a thing. It is no ones business how much I have. OR who decides this? more
May 06
Mr. Rana: This is not true. Mem wear gold chain, Ring etc, even ear rings. Even watch chains are gold worn by the rich more
May 05
It's really a good inputs. A family of five members can easily keep a huge amount of Gold with no proof. But value of such amount once anyone keeps cash, that's questionable. So unique practice it is. more
May 05
