<h1>India Clarifies Gold Jewellery Ownership: No Limit for Legitimate Sources; Guidelines for Seizure During Searches Remain.</h1> The Government of India's Ministry of Finance clarified the Income Tax Law regarding gold jewellery ownership. There is no limit on holding gold jewellery if it is acquired from legitimate income sources, including inheritance. As per a 1994 circular, during searches, gold jewellery up to 500 grams for a married woman, 250 grams for an unmarried woman, and 100 grams for a male will not be seized, even if it seems inconsistent with the individual's income records. Officers have the discretion to refrain from seizing larger quantities based on family customs and traditions.