Purchase of Gold Ornaments

Can we claim of purchase of Gold Ornaments for Income tax exemption, in which Section.
Replies (4)
Quick Summary
This discussion clarifies whether purchasing gold ornaments qualifies for income tax exemptions under the Indian Income Tax Act. The consensus is that there is no specific exemption applicable to investments made in gold ornaments. Therefore, individuals cannot claim tax benefits solely based on the purchase of gold jewellery.

No. No such exemption applicable for gold ornament's investment in IT act....

Yes, agree with Rambhia Sir reply , No exemption for gold purchase .
No exemption
Thanks

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