Income Tax Rule 2025: What is the limit for keeping gold and cash at home, know the new rules of income tax

Breaking News, Digital Desk-  (Gold, Cash Storage at Home) Many times you must have heard that the Income Tax Department has raided someone's home or office and recovered a large amount of cash and jewelry. 

This raises a question in people's minds whether keeping a lot of cash or jewelry at home is a crime? And if you can keep it, then how much? Let's know about this in detail.

Rules for keeping cash at home-

According to media reports, the Income Tax Department has not set any upper limit for keeping cash at home. However, it is important that this money has come from a legitimate source and is declared in your income tax return. 

If you are unable to tell the source of the cash, it will be considered undeclared income, on which heavy tax and penalty of up to 78 percent can be levied under sections 68 to 69B.

Rules on sleeping at home-

In India, a limit has been set for keeping gold at home under the Income Tax rules. According to this, this limit is different for men and women in the house. 

According to the rules of CBDT (Central Board of Direct Taxes), you can keep only a certain amount of gold at home. If you keep more gold than the prescribed limit, then you will have to provide proof of it. You should also have receipts related to the purchase of gold.

How much gold can women keep-

According to the Income Tax Act, a limit has been set on keeping gold at home. Married women can keep 500 grams of gold, while unmarried women can keep 250 grams of gold. 

For men, the limit is 100 grams. If more gold is found than this limit, the Income Tax Department can question them. (How much gold can women keep)