Gold jewellery ornaments holding limit and seizure-clarification
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New Delhi, 01 December, 2016.
PRESS RELEASE
Sub: Clarifications with respect to Gold Jewellery under Income Tax Law
In order to remove any doubt about the current position of Income Tax Law with respect to gold jewellery, the following points are categorically clarified:
(Meenakshi J. Goswami)
Commissioner of Income Tax
(Media and Technical Policy)
Official Spokesperson, CBDT.
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