Bappi Lahri in trouble after restriction of Gold

These rich people hold 3-4 bunglows in the same city and the price go up, and we middle class people can't even buy one bhk apartment without loan.

Everything under govt control is also not safe

(People can see china's earlier state )

But overall modi Ji is on full swing to take strong actions

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.

In order to remove any doubt about the current position of Income Tax Law with respect to gold jewellery and ornaments, the following points are hereby categorically clarified:

(a) There is no limit on holding of gold jewellery or ornaments by anybody provided it is acquired from explained sources of income including inheritance

(b) Vide circular dated 11.5.1994, instructions have been issued in the matter of search and seizure of gold jewellery.

(c) Jewellery and ornaments to the extent of 500 gms for married lady, 250 gms. for unmarried lady and 100 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.

(e) Officer conducting search has discretion not to seize even higher quantity of gold jewellery based on factors including family customs and traditions.

http://www.pib.nic.in/newsite/erelease.aspx?relid=154754

To help Modi and his set of useless spokesperson who creates unnecessary panic in an already volatile envioronment. This is an old rule set in 1994. Nuthn new has been done regards to gold possession.

thank you for sharing this...👏👏👏

stop creating unnecessary panic, it is for unaccounted gold...

Originally posted by: ~*sindhu*~

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.

In order to remove any doubt about the current position of Income Tax Law with respect to gold jewellery and ornaments, the following points are hereby categorically clarified:

(a) There is no limit on holding of gold jewellery or ornaments by anybody provided it is acquired from explained sources of income including inheritance

(b) Vide circular dated 11.5.1994, instructions have been issued in the matter of search and seizure of gold jewellery.

(c) Jewellery and ornaments to the extent of 500 gms for married lady, 250 gms. for unmarried lady and 100 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.

(e) Officer conducting search has discretion not to seize even higher quantity of gold jewellery based on factors including family customs and traditions.

http://www.pib.nic.in/newsite/erelease.aspx?relid=154754

To help Modi and his set of useless spokesperson who creates unnecessary panic in an already volatile envioronment. This is an old rule set in 1994. Nuthn new has been done regards to gold possession.

How will they distinguish which is inherited and which is not considering india mein will ka culture nahi hai . Modi trying to vilify middle class in this case

Ab IT officers jamkke paise khayenge 👏