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Regarding worn jewellery during raid.

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(Querist)
12 May 2016 What will be the assessment of jewellery worn by assessee and his family during raid at the house . whether they are accounted for for not Or is there any provision they worn jewellery is not seized by officers.
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Rupesh Jain

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Rupesh Jain (Expert)
12 May 2016 jewellery and gold are not take unaccounted for 500 grams per married lady, 250 grams per male and also consider the declare under wealth tax act.
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