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AI Drafter ✕

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

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The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required


Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

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Clarifications with respect to Gold Jewellery under Income Tax Law

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....larifications with respect to Gold Jewellery under Income Tax Law <br>News and Press Release<br>Dated:- 14-12-2016<br><BR>Government of India Ministry of Finance Department of Revenue Central Board....

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.... of Direct Taxes New Delhi, 01 December, 2016. PRESS RELEASE In order to remove any doubt about the current position of Income Tax Law with respect to gold jewellery, the following points are categ....

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....orically clarified: * There is no limit on holding of gold jewellery or ornaments by anybody provided it is acquired from explained sources of income including inheritance * Vide circular dated 11....

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.....5.1994, instructions have been issued in the matter of search and seizure of gold jewellery. * Jewellery and ornaments to the extent of 500 gms for married lady, 250 gms. for unmarried lady and 100....

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.... gm for male member will not be seized, even if prima facie, it does not seem to be matching with the income record of the assesse. * Officer conducting search has discretion not to seize even highe....

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....r quantity of gold jewellery based on factors including family customs and traditions. (Meenakshi J. Goswami) Commissioner of Income Tax (Media and Technical Policy) Official Spokesperson, CBDT.<B....

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....R> News - Press release - PIB....

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