Comprehensive Guide to Gold Purchases, Possession Limits and Taxation in India

Rashmi , Last updated: 24 May 2023 Share Follow on Google News

The withdrawal of Rs 2000 notes from circulation by the Reserve Bank of India (RBI) has allegedly caused a surge in individuals purchasing gold using cash, specifically Rs 2000 notes. How much gold a person can legally buy without the requirement of presenting an ID proof or PAN card, and whether th

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About the Author

Rashmi

business

I am a Chartered Accountant with over 2 decades of experience in Auditing, Taxation, Accounting, Due diligence. I am currently a Managing Partner at RRL Global Services. I can be reached at rrlglobal @ yahoo.com or @ 9811757230

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Comprehensive Guide to Gold Purchases, Possession Limits and Taxation in India

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