Married Women Allowed 500 Gram Gold, Unmarried Women 250 Gram, Clarifies Govt.
The government's clarification today on whether new tax proposals for undeclared wealth will apply to gold and other jewellery dragged into the spotlight a 26-year-old rule that says married women are entitled to more gold than unmarried women.
Even if the gold does not match one's known income, "jewellery and ornaments to the extent of 500 gm for married lady, 250 gm for unmarried lady and 100 gm for male member will not be seized," the government said, producing portions of the 1995 law.
I am not happy with these laws for restriction on Gold by Modiji.:(
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