Скачать или смотреть Is Your Gold Safe? Income Tax Rules for Holding Gold at Home

During an Income Tax raid, 263 grams of gold were found in a home. No bill. And the department treated it as “unexplained income” and slapped a penalty of ₹8.4 lakhs.

In this video, we break down what actually happens when gold/jewellery is found during an income tax search, and the 3 practical rules every Indian family should know.

What you’ll learn in this video:

✅ When gold found during a raid becomes taxable
✅ What CBDT Instruction 1916 really means (and what it DOESN’T)
✅ The truth about the 500g / 250g / 100g “gold limit” myth
✅ How to explain streedhan, gifts, and inheritance properly
✅ What ITAT and High Courts have said about “no bill = black money” assumptions
✅ A simple checklist to protect yourself before tax season or a notice

The biggest myth we bust:

Many people believe:
“If it’s under 500g, it’s tax-free.”

Reality: those limits are generally seizure guidelines during a raid, not a magic “no tax ever” rule. What matters is not how much gold you have, but whether you can explain its source.

Practical checklist (do this at home):

Make a rough list: who owns what (mother, wife, you)

Keep a proof folder: wedding photos, wedding card, inheritance papers, old bills, valuation report

For new purchases: keep invoices + pay via bank

Bottom line:
“No bill” does NOT automatically mean “black money.” The department needs proof, not assumptions.

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