Ancestral Jewellery

The government's clarification on whether new tax rules for undeclared wealth will apply to gold and other jewellery today drew the spotlight on a 26-year-old rule that draws a distinction between "married and unmarried women" when it comes to how much gold one can get away with.

There would be no seizure of gold jewellery to the extent of 500 grams per married woman, 250 gm per unmarried woman as also 100 gm per male member of the family.

The government's clarification on whether new tax rules for undeclared wealth will apply to gold and other jewellery today drew the spotlight on a 26-year-old rule that draws a distinction between "married and unmarried women" when it comes to how much gold one can get away with.

There would be no seizure of gold jewellery to the extent of 500 grams per married woman, 250 gm per unmarried woman as also 100 gm per male member of the family.