No tax on gold/jewellery purchased out of disclosed income: Finance Ministry

The government said that during search operations no seizure of gold jewellery up to 500 gm per married lady, 250 gm per unmarried lady and 100 gm per male shall be made.

"There will be no seizure of gold jewellery up to 500 gm per married lady, 250 gm per unmarried lady and 100 gm per male in I-T searches," the finance ministry said in a statement.


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