BusinessPhoto: News18Hi BusinessKnow PAN Card Rules for Buying Gold on Dhanteras
Before buying gold on Dhanteras and Diwali, it is important to understand cash payment, PAN card, and tax rules. Under Income Tax Act Section 269ST, accepting cash of ₹2 lakh or more in a single day or transaction is prohibited. For jewelry purchases above ₹2 lakh, PAN details may be required. There is no maximum limit on gold held at home, but its source must be accounted for.
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