Gold limit at home : In our country, gold is not just a means of investment, but people’s emotions are attached to it. People mostly like to buy gold only during marriage or any festival. Do you know how much gold can be kept at home in physical form? Let’s know all the important things related to gold.
Gold limit at home : Buying gold in India is considered very auspicious. At the same time, most people like to buy gold only on marriage or any auspicious occasion. Along with this, Indian women like to wear gold jewellery. The same people buy gold in advance for the marriage of their children and keep it at home. But you can keep gold in physical form only up to a limit.
If you keep more gold than this limit at home, then you will have to answer to the Income Tax Department. Therefore, check the rules related to it before buying gold.
Gold limit: How much gold can be kept at home?
According to the Central Board of Direct Taxes (CBDT), there is no tax on the purchase of some things. According to the information received in this regard, there is no tax on inherited money, purchase or storage of gold up to a limit and agriculture.
So if you store gold up to a limit at home, then no one will be able to search you officially.
- Unmarried women- Unmarried women can keep only 250 grams of gold at home.
- Unmarried men- Unmarried men are allowed to keep only 100 grams of gold.
- Married women- Married women can keep only up to 500 grams of gold.
- Married men- Whereas married men can keep only 100 grams of gold at home.
GST On Gold: How much tax will have to be paid?
If you go to sell gold, then you have to pay tax to the government on the income from gold. According to the circular of CBDT, if you buy gold and sell it in 3 years, then Short-Term Capital Gain Tax will have to be paid. Along with this, if you sell gold after more than 3 years, then you will have to pay Long-Term Capital Gain Tax.
Gold Rate Today: What was the price of gold today?
According to the information received about this, today on March 14, on the occasion of Holi, the price of gold increased. Today the price of 24 carat gold has increased by Rs 600 per gram. On March 14, the price of 24 carat gold was Rs 8876.3 per gram. At the same time, the price of 22 carat gold is Rs 8138.3 per 10 grams. Today, an increase of Rs 550 was recorded in the price of 22 carat gold.
