Do You Keep Gold At Home? Know The Holding Limits In India To Avoid Tax Scrutiny
7 months, 2 weeks ago

Do You Keep Gold At Home? Know The Holding Limits In India To Avoid Tax Scrutiny

ABP News  

Gold is a favourite for Indians. However, with the upcoming income tax return filing deadlines, how much gold can you safely keep without worrying about the authorities? India doesn’t have a strict limit on overall gold ownership or even on how much gold jewellery you can keep at home. The different limits are: Married Woman - Allowed to hold up to 500 gms of gold ornaments, jewellery Unmarried Woman - Eligible to hold up to 250 gms of gold jewellery Man - Permitted to possess up to 100 gms of gold ornaments, jewellery What Happens If You Cross These Limits? If you do have gold jewellery beyond these limits, be sure to save the income proofs to support your purchase.

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Gold glitter makes Indian households $400 billion richer in one year
4 weeks ago

Gold glitter makes Indian households $400 billion richer in one year

Deccan Chronicle  

Chennai: With gold glittering as the best asset class in a world fraught with uncertainties, India emerged as one of the foremost beneficiaries to a stupendous rise in the yellow metal’s price in the last nine months. We have around 700 temples which own gold, including ones like Sri Padmanabhaswamy temple in Thiruvananthapuram, Tirupati Tirumala temple, Vaishno Devi temple and …

Investing in Gold ETFs: A Convenient and Cost-Effective Option for Dhanteras
Trending News
1 month, 4 weeks ago

Investing in Gold ETFs: A Convenient and Cost-Effective Option for Dhanteras

Live Mint  

The article discusses the advantages and disadvantages of buying physical gold versus gold ETFs. While physical gold is a traditional investment with some utility, it is not the most convenient option due to high fees and the risk of fake gold. Gold ETFs offer greater convenience and lower costs, making them a better choice for investors looking to buy and …

Gold demand in India may hit 900 tonnes this year
10 months, 1 week ago

Gold demand in India may hit 900 tonnes this year

Live Mint  

The demand for gold in India, which has been in the range of 700-800 tonnes annually since 2019, is expected to increase to 800-900 tonnes in the calendar year 2024 on the back of robust economic growth and higher income, Somasundaram P.R., managing director at the World Gold Council, told Mint. However, a pick up in the purchase of gold …

Buying Gold From Jeweller? Must Ask These Questions To Get The Best Deal
1 year, 3 months ago

Buying Gold From Jeweller? Must Ask These Questions To Get The Best Deal

News 18  

Buying gold from a jeweller in India can be a significant financial investment, and it’s crucial to exercise caution to ensure you get the best value for your money. Here are some common questions to ask and mistakes to avoid when buying gold in India: Not Understanding Carat System & Purity Of Gold: Understand the difference between 22 and 24 …

How much gold can one keep at home? Know all details here
2 years ago

How much gold can one keep at home? Know all details here

Firstpost  

If you keep gold beyond the specified limit, then it will require income proof, and will be subject to investigation and potential seizure. In India, married women are allowed to keep up to 500 grams of gold jewellery and ornaments, without ant proof, as per the Income Tax notification on 11 May 1994. If you keep gold beyond the specified …

How much gold you can keep at home? Limits and income tax rules explained
2 years, 1 month ago

How much gold you can keep at home? Limits and income tax rules explained

Live Mint  

Gold, the value of the precious yellow metal has only risen with time. Physical gold Ravi Singh, Vice President & Head of Research at Share India said as per the latest circular of CBDT to its officials to not to seize any gold ornaments and jewellery upto a certain level like a married woman can hold 500 gms of physical …

Planning to buy gold on Dhanteras? Remember to check these things
2 years, 2 months ago

Planning to buy gold on Dhanteras? Remember to check these things

Firstpost  

You should verify the gold’s resale price and be knowledgeable about the seller’s buy-back policy. When reselling your jewellery, some vendors reduce a set percentage of the gold’s value, while other merchants may take the existing rate into account Gold is considered to represent wealth and success. Determine reselling and buy-back policy You should verify the gold’s resale price and …

What is behind India's renewed love for gold?
2 years, 11 months ago

What is behind India's renewed love for gold?

Business Standard  

Indians will build on their love for gold this year, as pent-up demand heralds a period of robust sales. Gold’s price drop favoured retail buyers and there was strong pent-up demand for weddings in October last year.“Rising incomes are one of the biggest single drivers of long-term gold demand. This suggests that as India’s economy grows, demand for gold should …

How much gold you can hold under income tax rules
3 years, 7 months ago

How much gold you can hold under income tax rules

Live Mint  

Gold possession is one of the most revered investments in India. According to the Central Board of Direct Taxes guideline, there is certain limit beyond which gold without invoice can be quizzed under Section 132 of the Income Tax Act. The Income Tax Department also says that if you buy gold, then you must mention about it in the asset …

Selling gold? Income tax rules depend on the form of yellow metal
4 years, 2 months ago

Selling gold? Income tax rules depend on the form of yellow metal

Live Mint  

With the festive season around the corner, you must be planning to buy some gold this Diwali or Dhanteras to keep your annual ritual in place. There are four ways to buy gold in India -- 1) Physical gold via jewelry or coins 2) Gold mutual funds or ETFs 3) Digital gold 4) Sovereign gold bonds. Tax on gains from …

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