PM Narendra Modi's recent gold pause prompted CBDT jewelry clarification
NewsBytes | May 12, 2026 10:39 PM CST
Exceeding jewelry limits risks 78%+10% penalty
If you own more than these limits and can't explain where they came from, be ready for a hefty tax—up to 78% plus an extra 10% penalty.
Also, these rules only cover jewelry. So if you're thinking of investing in gold, it's worth knowing the fine print.
READ NEXT
-
Corsets, Coral & A Dupatta Twist: Alia Bhatt Nails Cannes 2026 Glam In A Custom Tamara Ralph Gown
-
Eurovision's Sweden entry suffers 'wardrobe malfunction' moments into performance
-
Huge fire breaks out at asylum seeker centre after 'protestors hurl fireworks'
-
UK weather maps show snow to hit 12 areas on Wednesday - full list
-
UK hotel collapses into administration - 11 'beautiful bedrooms' and restaurant
