Cash and Gold Storage Limit: How much cash can you keep at home, is there any limit for keeping gold? If you also want to know the answers to these questions, then this news can be useful for you.
Cash and Gold Storage Limit: A huge amount of cash has been recovered in the Income Tax Department raid at the premises of Congress MP Dheeraj Sahu. Till now, cash worth more than Rs 290 crore has been seized. Apart from this, jewelery has also been found. The question is how much cash and gold can a person keep in his house? Let us know about it.
What is the limit for keeping gold at home?
First of all let’s talk about gold. Indians have a special attachment towards gold, it is not just a metal, it is considered favorite and trustworthy from tradition to investment. A limit has been set regarding keeping gold at home. There are some rules of CBDT (Central Board of Direct Taxes). According to which this limit is different for different categories.
A married woman can keep up to 500 grams of gold with herself. An unmarried woman can keep up to 250 grams of gold with herself. A man (married or unmarried) can keep up to 100 grams of gold. However, you can keep gold above this limit also, but you should have the answer as to where you have got this gold from.
