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.
Related Update:
Jewellery acquired out of disclosed-exempted income not taxable under the proposed taxation amendment Bill 2016 Click Here >>
In case of re-allotment of flat by builder, stamp duty valuation would be with reference to date of booking of…
When information contained in loose papers not corroborated with assessee, there is absolutely no room for presumption that it belongs…
When CIT(A) order to remand case to AO was set aside without interfering with direction to delete addition, order of…
Whether a prohibited claim in a contract applies only to the employer and not to the Arbitral Tribunal – Matter…
Where a contractual employee is terminated on the sole ground of ineligibility, the Court is entitled to examine its correctness…
Upon deceased acquiring family, GPF nomination in favour of mother became invalid and in absence of fresh nomination, mother and…