Jewellery seizure and addition under Income Tax: Validity and Limits

Vivek Jalanpro badge , Last updated: 22 March 2024  
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There is no limit on holding of gold jewellery or ornaments by anybody provided it is acquired from explained sources of income including inheritance. Legitimate holding of jewellery up to any extent is fully protected. Further, w.r.t. seizure of jewellery during Search and seizure, CBDT Instruction

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Vivek Jalan
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Category Income Tax   Report

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