The government has also developed a PAN activity monitoring.
The onus to explain that the gold jewellery was inherited or bought from known sources of income would be on the owner.
The new Income Tax return forms are much simpler in many respects.
Rationalisation in taxation on the retirement scheme puts significant money in the hands of investors.
With filing possible only online, there is no scope for any error.
Calculate the tax already paid via TDS, and accordingly arrive at your tax liability for the year.
These plans aren't likely to put substantial cash in your hands.