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Gold limit for individuals

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 September 2014 In my and my husband 30 year duration , how much gold is exempted to hold without any issue ??

i had red somewhere that a man can hold 250gram and a married woman can hold 500 gram gold without any issue regarding IT .

Isn't it ?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
21 September 2014 there is no such limit prescribed by the department. whatever amount of assets you have you should be able to back the source of the money used to buy it
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