Sunainaa writes on all things wealth and money for Business Standard. She has formerly worked with ToI, Splainer, HT Digital, Times Now, Firstpost and ET.
The investigation conducted by ED revealed a carefully orchestrated scheme whereinfunds collected from homebuyers for construction were systematically diverted and siphoned off for personal enrichment
Under Income Tax rules, gold jewellery held within prescribed limits is NOT questioned, even without purchase proof - if it matches family status and customs.