Peronal gold jewellery transfer in firm's stock

Hi All,

I want to know that if there a jeweller and he wishes to include his wife's and his personel gold into his firm's stock, what is the legal way to include this gold in his firm's stock. As per Indian Law a man can possess upto 300 gm unaccounted jewellery(correct me if I am wrong) and similarly a woman can possess 600 gm. So can this personel jewellery be included into his firm's stock if YES then what is the legal procedure to do so.

Replies (4)

There is no law which states that men can have 300gm and women can have 600gm unaccounted.

Thanks for enlighting Mr. Kothari, in that case how about if the housewife and the male partner possess 800 gms of gold with bill and wish to tranfer it to the male partner's firm's stock?.

Trf of stock to business no Profit & Loss to be calculated

at time of sale

Income from business= sale price - Fair market value at the time of trf

Income from Capital gain= Fair market value during trf - Cost ( indexed for long term)

For trf of stock from wife will have to look out.

Looking forward to your reply.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 28 October 2026
Article assistants

Shyam S Gupta and Company

New Delhi

CA Inter

View Details
Company
Featured 29 October 2026
Accounts Executive

Synergy Keystone

Chennai

B.Com

View Details
Company
Featured 27 October 2026
semi-qualified CA

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Final

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
02 November 2026
Audit Executive

SRJP & Co LLP

Kochi

CA Inter

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details