Gold limit it person in it act

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B.com
3025 Points Posted on 04 January 2023
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.
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On 04 January 2023 at 18:14 Report
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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.

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SEO Sai Gr. Hosp.
212503 Points Posted on 04 January 2023

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.

1 Reply
On 04 January 2023 at 20:35
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CA LLB
72 Points Posted on 04 January 2023

SGB - 4KG per fiscal year 

1 Reply
On 04 January 2023 at 21:03

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