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How Much Gold Can You Legally Keep At Home In India?
Gold has always held a special place in Indian households—not just as a cultural symbol, but also as a trusted form of investment. Whether it’s for festivals, weddings, or long-term savings, families often store gold at home. But how much is too much? Is there a legal limit?
The Income Tax Department clarifies that there’s no official cap on how much gold you can own. However, during a tax raid, authorities may ask for proof of ownership.
If you don’t have documentation, certain amounts are still protected:
Married women: Up to 500 grams
Unmarried women: Up to 250 grams
Men (married or unmarried): Up to 100 grams
These limits apply even without receipts or paperwork. But if you have valid documents—like purchase invoices or inheritance records—you can legally hold more than these amounts.
Simply storing gold at home doesn’t attract tax. The issue arises when the source of the gold is questioned. To avoid complications, it’s important to maintain: purchase receipts or bills, inheritance papers, proof of declared income or savings. Proper documentation ensures your gold remains secure and legally protected.
While the government hasn’t imposed a maximum limit, transparency is key. So if you want peace of mind, make sure every gram of gold is backed by clear records
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A true scalper reads every move the market plans to make
A true scalper reads every move the market plans to make.mp43.62 MB
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EX-DATE AND RECORD DATE #TODAY
DCM SHRIRAM INDUSTRIES – Spin Off
NUVAMA WEALTH MANAGEMENT – Stock Split – Rs 10 to Rs 2
RAM RATNA WIRES – Bonus Issue – 1 : 1
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COFORGE
BOARDMEET Today
To Consider Fund Raising Via Issuance of Securities
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TODAY
Indian Railways Fare Hike Effective Today
A new "fare rationalization" comes into force
While suburban and short-distance travel (up to 215 km) remains protected, fares for long-distance and premium services (like Rajdhani and Shatabdi) will see a marginal increase to cover rising operational costs
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DEFENCE STOCKS ON RADAR
BEL BDL HAL
Defence Acquisition Council (DAC) set to meet #Today for its final meeting of the year
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Silver Nears $75/ounce - Another Record High
Rises to a record
At $74.86/ounce
Up >4% today
Factors at Play:
Speculative inflows
Supply concerns across major trading hubs
Weekly Moves:
Up 11.4% this week
Ended 8.4% higher last week
On track to gain for the 5th straight week
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Gig workers announce nationwide strike on Dec 25 & 31
Delivery workers across Swiggy, Zomato, Zepto, Blinkit, Amazon and Flipkart will go on strike, called by platform worker unions.
Strike called by Telangana Gig and Platform Workers Union and Indian Federation of App-Based Transport Workers
Key demands include fair and transparent pay, job security, safer working conditions, accident insurance, social security and pensions.
Workers are also seeking assured work allocation, mandatory rest breaks, app-level grievance redressal and a rollback of ultra-fast delivery models like 10-minute deliveries.
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