The central government is unearthing black money and finding the ways and means to bring that in open by hook or crook. After the act of demonetisation we find that the Government is going on right path and in right direction. It is time not to be misled by rumours as the exemption limits for gold seizure are clearly drawn and reported. Gold bought with legitimate means is fully protected and there is no worry as such for genuine buyers of gold with proper certification. The government denied any move to levy 85 per cent tax on gold jewellers including the ancestral one acquired through inheritance under the Taxation Law Bill passed by the Lok Sabha and the rumours are totally unfound and baseless. Thus the precious gold purchased through proper channel is safe. So, all that glitters are gold and there is no alarm bell ringing on this count.
(The views expressed by the author in the article are his/her own.)
