Various points clarified with respect to gold jewellery and ornaments; No limit on holding of gold jewellery or ornaments by anybody provided it is acquired from explained sources of income including inheritance https://www.taxtmi.com/news?id=17008 Clarification states there is no statutory limit on possession of gold jewellery if acquired from explained sources of income, including inheritance; search and seizure guidance remains in force, with officers allowed discretion to refrain from seizure based on factors such as family customs and traditions. en-us Thu, 01 Dec 2016 18:28:38 +0530 Thu, 01 Dec 2016 18:28:38 +0530 TaxTMI RSS Generator Various points clarified with respect to gold jewellery and ornaments; No limit on holding of gold jewellery or ornaments by anybody provided it is acquired from explained sources of income including inheritance https://www.taxtmi.com/news?id=17008 Clarification states there is no statutory limit on possession of gold jewellery if acquired from explained sources of income, including inheritance; search and seizure guidance remains in force, with officers allowed discretion to refrain from seizure based on factors such as family customs and traditions. News - Thu, 01 Dec 2016 18:28:38 +0530 https://www.taxtmi.com/news?id=17008