CBDT Guidelines Outline Gold Holding Limits and Documentation Requirements in India

In India, there is no legal limit on gold ownership, but the Income Tax Department follows 1994 CBDT guidelines setting recommended thresholds for gold holdings. Married women can hold up to 500 grams, unmarried women up to 250 grams, and men up to 100 grams without needing to prove the source. Exceeding these limits requires documentation to avoid potential seizure during tax inspections. These guidelines aim to ensure transparency amid rising gold prices and increased investor interest.