banner_ad

What is the exemption limit of keeping silver ?

8264 views 1 replies
1. As per IT rules keeping of gold in the family is expempted upto 500 gms per married lady, 250 gms per unmarried lady, and 100 gms per male member . . question is whether this 500 /250 /100 gm needs to be in the form of jwellery, or it can be in the forms of gold bars /coins ? . . . . 2. NOW another important question pls :: What is the exemption limit of keeping SILVER per person or per family ?? This information does not seem to be available readily . . . Pls help Thanks
Replies (1)
Quick Summary
Gold limits of 500g 250g 100g apply mainly to jewellery for search tolerance. No specific exemption limit is prescribed for holding silver. Taxability depends on source, disclosure, and wealth or income records.

As such no limit found, but may very individually as per wealth tax return filed.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
02 May 2026
Experience Audit Manager

AGGARWAL SAMIR & CO

New Delhi

CA Inter

View Details