Gold Storage Rules: Storing gold in homes is very common in India. It's not just a part of tradition or culture, but people also consider it a safe investment. Families often keep gold at home. Many people keep gold for festivals, weddings, or to save for the future. But the question is, how much gold is appropriate to keep at home? Is there a legal limit?

How much gold can one keep at home?
According to the Income Tax Department, there is no official limit on the amount of gold one can own. However, during tax collection, officials may ask for proof of ownership. Even if you don't have documents, certain amounts are safe.

How much gold can men and women keep?
According to the Income Tax Rules, a married woman can possess up to 500 grams of gold, while for unmarried women, the limit is 250 grams. These limits apply even without receipts or documents, but only if you have valid documents. For example, if you have purchase bills or inheritance documents, you can legally hold more than these amounts. If you have purchase bills or inheritance documents, you can legally hold more than these amounts.

Merely keeping gold at home is not taxable. Problems arise when the source of the gold is questioned. To avoid problems, it is important to keep purchase receipts or bills, inheritance documents, and proof of declared income or savings. Proper documentation keeps your gold safe and legally protected.

Although the government has not set any maximum limit, transparency is essential. Therefore, if you want to be assured, ensure that clear records of every gram of gold are maintained so that you do not face any problems in the future.

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