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How much gold jewellery can you keep at home? Nagpur ITAT explains the rules on ownership, gifts and taxability

1 hour ago 1
The Nagpur ITAT deleted a tax addition on jewellery found during an income-tax search, stressing ownership, source and family circumstances. The ruling also examined the CBDT’s prescribed jewellery limits and whether possession within those limits can be treated as reasonably explained.
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