Gold has long been a symbol of wealth and status in households and its popularity continues to grow, despite rising prices. While there is no law in India that outright limits how much gold an individual can buy or own, the Income Tax Department has issued specific guidelines under which family members are expected to maintain records and declare their holdings.

The Central Board of Direct Taxes (CBDT) first issued these guidelines in 1994, outlining recommended limits for different family members. These limits act as a threshold: exceeding them is not illegal per se, but individuals must be able to prove the source of their gold. Failure to do so could result in the seizure of gold or jewellery.

Unmarried Daughters: According to CBDT guidelines, an unmarried woman can hold up to 250 gr

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