Gold Monetisation: Government limits gold amount for married women, unmarried women and men - Five key points
New Delhi : To give a halt to all spreading rumours over Government's expected steps over gold monetisation, Finance Minister Arun Jaitley on Thursday announced important points to aware people.
Five key points to make it easily understandable are as follows:
#Amended Income-Tax law will not be imposed on ancestral gold jewellery.
#No tax will be imposed on gold bought from disclosed income.
#Married woman can keep gold upto 500gms.
#Unmarried woman can keep gold upto 250gms.
#Men can only hold gold assets upto 100gms.
Despite this many questions like what will be done if a person is found with gold more than allowed limit are yet to be answered.