In India, there is no fixed legal limit if gold is acquired from declared income. Generally accepted limits are 500g for married women, 250g for unmarried women and 100g for men.
In India, there is no fixed legal limit on owning gold if it is purchased from declared and legitimate income. However, during income tax searches or assessments, the authorities generally follow accepted tolerance limits.
Generally accepted gold holding limits
· Married women: up to 500 grams
· Unmarried women: up to 250 grams
· Men: up to 100 grams
Gold held within these limits is usually not questioned or [[quote=“Finacus_Solutions, post:3, topic:9678”]
seized, provided it is reasonable and customary. If you possess gold beyond these [[quote=“Finacus_Solutions, post:3, topic:9678”]
limits, you may still keep it legally, but you should be able to explain the [[quote=“Finacus_Solutions, post:3, topic:9678”]
source of acquisition, such as income, inheritance, gifts, or past savings.