Gold limit it person in it act

how much purchase of gold limit for it person in it act
1.physcial gold
2.digital gold
3.sovereign gold bonds
4.gold etfs and mutual funds.
Replies (2)
Quick Summary
This discussion clarifies the limits on purchasing gold under the Indian Income Tax Act. While physical and digital gold have no explicit limits provided proper documentation is maintained, Sovereign Gold Bonds (SGBs) have a maximum allotment of 4 kg per fiscal year per individual. Gold ETFs and mutual funds also have no specified purchase limits.

1. No limit, provided you should have proper bills of it.

2. No limit, but need to have authenticate acquisition records.

3. Maximum allotted to any individual is 32 kg..

& 4. No limit.

SGB - 4KG per fiscal year 

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