Gold price rise impact on Budget 2026: Increase threshold of Rs 2 lakh for giving PAN, Aadhaar for buying gold jewellery, experts demand in Budget 2026
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Sat, Jan 31, 2026 | 12:10 PM IST

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Gold price rise impact on Budget 2026: Increase threshold of Rs 2 lakh for giving PAN, Aadhaar for buying gold jewellery, experts demand in Budget 2026Gold price rise impact on Budget 2026: Increase threshold of Rs 2 lakh for giving PAN, Aadhaar for buying gold jewellery, experts demand in Budget 2026

Experts are urging the government to raise the spending limit for gold purchases requiring PAN or Aadhaar. The current Rs 2 lakh threshold, set in 2016, is now easily crossed due to rising gold prices. This impacts ordinary buyers and small jewellers. An increased limit would ease compliance for genuine customers while maintaining transparency for high-value transactions.

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Rs 119 crore recovered from wrong HRA tax deduction claims, 25000 filed revised ITRs to declare Rs 1000 crore foreign incomeRs 119 crore recovered from wrong HRA tax deduction claims, 25000 filed revised ITRs to declare Rs 1000 crore foreign income

India's tax collection saw a major boost through data-driven nudges. The NUDGE initiative guided taxpayers to correct claims, leading to over Rs 119 crore additional tax from HRA. Foreign asset declarations and 80GGC donations also increased significantly. This approach promotes voluntary compliance, reducing friction and litigation for a more efficient tax system.

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Tenants sold property bought from landlord’s wife on the basis of a Will, son raised disputes against Will; Delhi HC stays property sale till final trialTenants sold property bought from landlord’s wife on the basis of a Will, son raised disputes against Will; Delhi HC stays property sale till final trial
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Big relief for PF nominees: Supreme Court says govt can’t deny payout for lack of succession certificate even for amounts over Rs 5,000Big relief for PF nominees: Supreme Court says govt can’t deny payout for lack of succession certificate even for amounts over Rs 5,000
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Tax dept releases seized 6.8 kg gold as family pays Rs 2.5 crore advance tax and cited upcoming wedding as need for this goldTax dept releases seized 6.8 kg gold as family pays Rs 2.5 crore advance tax and cited upcoming wedding as need for this gold

A Delhi family has successfully reclaimed 6.8 kg of gold and Rs 40 lakh cash. The Delhi High Court permitted the release after the family paid Rs 2.5 crore as advance tax. The seized items were taken during an income tax search. The family cited an upcoming wedding as the reason for needing the gold.

SLIDESHOWS
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