Informs, thus we tell you that in 2025 the government will issue new guidelines on limits and rules for the keeping of gold at home. As per this limit, one can keep gold at home without any legal issues regarding the Income Tax Department. Any gold found over the limit can be questioned regarding the source of income.
How Much Gold Can You Keep Without Any Problem?
A woman can keep up to 500 grams of Gold (jewelry, biscuit, or bars) without any documents. So married men can keep 250 grams and unmarried women can keep 400 grams of gold, while if many women are there in the family, then this limit is different for everyone.
What If More Gold Is Found Than The Limit?
Suppose a person is found having gold more than the prescribed limit while the investigation is carried out by the Income Tax Department. In that case, he or she has to give a valid answer for that gold found with him/her. If the gold is inherited or gifted on some occasions, proof has to be given. Keeping more gold without a valid reason may lead to a tax evasion case.
New Changes Related To Gold Limit In 2025
In 2025, the government has brought out some new guidelines as regards the gold limit:
- Including digital gold: Now digital gold (e-gold, sovereign gold bond) will also be counted in the whole amount of gold.
- Bank locker investigation: The Income Tax Department can check bank lockers and if more gold is found there, tax liability may be levied on this as well.
- Proof of inherited gold: If the inheritance has passed down generations, then it will have to be shown proof in the form of either old documents or photos.
Keep The Bill While Buying Gold
While purchasing new gold, always get the bill made and keep it safe. Keeping gold without a bill can cause problems during investigation in the Income Tax Department. In case the gold is received as a gift, then it is necessary to keep its gift deed or acceptance letter.
Final Thought
Thus, as per the new rules of the government, if you follow the limit of gold and maintain the proper proof regarding it, then you will not have to face any legal trouble. You can keep gold as a safe investment but in a legal manner. In case you have got very old gold, keep the documentation intact so that there is no trouble regarding it in future.
Also Read: Retirement Age Hike 2025: Retirement Will Be At 62 Years Instead Of 60? See Details
