How Much Gold can you Keep at Home?⚡Tax Limits for Indians #shorts

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India Amit Bhawani
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Buying Gold is something which most of us in India do but according to Income Tax, lets look at how much Gold you can hold.

For Married woman upto 500 grams and for unmarried woman 250 grams is allowed
For men, married or not, the maximum is 100 grams only. If gold is held for more than 3 years, it is taxable as Long Term Capital Gain (LTCG) at 20 percent while for shorter duration its short term capital gain

This means that at no point does the CBDT instruction specify any limit on how much gold can one hold but only provides relief to taxpayers from their jewellery being seized during raids.

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