Tag Archives: Gold holding Limit

Gold /jewellery holding Limit as per Income Tax Act

By | August 4, 2018

what is the current Income Tax regulation regarding gold holdings?   Notification: No. 347(E), dated 20-5-1978 says: Section(s) Referred: 132 ,132(11) Statute: INCOME TAX Date of Issue: 20/5/1978 In exercise of the powers conferred by sub-section (11) of section 132 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies every Commissioner, for the purpose of passing orders on… Read More »