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Ever wondered how knowing the rules about gold can actually save you from a hefty tax bill? Here’s a fun fact: In India, tax laws let a married woman hold up to 500 gm of gold without any proof of purchase. Add to that her two daughters—each allowed 250 gm—and her husband’s 100 gm, and you end up with a total of 1100 gm of gold you can legally keep without paperwork! Why does this matter? Without proper proof, any gold over the allowed limit could trigger a whopping tax of 78% plus a 10% penalty
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