Deduction on Purchase of Gold

I am afraid it is a BIG NO. 

NO THERE IS NO SUCH DEDUCTION

To claim deductions from Gross Total Income; please refer chapter VI-A of the Income-Tax Act. 

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You will never require to ask further query on any type of deductions. 

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For this query, the answer is No. 

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Yadi Yes Hota, to Poora Hindustan World ka Saara Gold Khareedane K Liye Taiyaar Hai.