Gold Seized by the Income Tax Department: What Happens & Can You Sell the Rest?

Meta Title | Gold Seized by the Income Tax Department: What Happens & Can | India Guide

Meta Description | Gold Seized by the Income Tax Department: What Happens & Can You Sell the Rest? - Everything Indian gold buyers and sellers need to know.

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Author | Attica Gold Editorial Team

Last Updated | May 2026

Gold Seized by the Income Tax Department: What Happens & Can You Sell the Rest?

This guide covers: Gold Seized by the Income Tax Department: What Happens & Can You Sell the Rest?. Relevant to all gold owners in South India.

At a Glance

Topic | Gold Seized by the Income Tax Department: What Happens & Can

Relevant to | All Indian gold sellers

Last Updated | May 2026

Overview

Understanding gold seized by the income tax department: what happens & can you sell the rest? is important for making informed decisions when buying or selling gold in India. The information in this guide is specific to the Indian regulatory and market context.

Key Points for Sellers

• All gold sales at Attica Gold use IBJA-benchmarked rates
• Aadhaar is mandatory for all gold sales - PAN required if sale > ₹2,00,000
• Today's 22K IBJA rate: ₹13,965/g | 24K: ₹15,250/g | 18K: ₹11,438/g
• XRF testing at branch is free and confirms exact purity before payment
• Same-day payment - cash or bank transfer

How to Sell Your Gold

1. Visit any Attica Gold branch - 200+ across Karnataka, Tamil Nadu, Andhra Pradesh, Telangana and Pondicherry
2. Bring Aadhaar card (and PAN if sale > ₹2,00,000)
3. Gold is XRF tested and weighed - result shown to you
4. Offer = Net weight × Purity fraction × IBJA rate
5. Payment same day - cash or bank transfer
6. Receipt issued - keep for ITR filing

Why Choose Attica Gold Company

Attica Gold Company is ISO 9001:2015 certified with 200+ branches across Karnataka, Tamil Nadu, Andhra Pradesh, Telangana and Pondicherry. Your wait is over.

Ready to sell your gold? Visit any Attica Gold Company branch - 200+ branches across Karnataka, Tamil Nadu, Andhra Pradesh, Telangana and Pondicherry. Bring your Aadhaar card. Your wait is over. Call: +91 8880 300 300

Frequently Asked Questions

Is this guide relevant to gold sellers?

Yes - all information applies to gold owners in India, particularly South India.

What rate do I receive for my gold?

IBJA-benchmarked rate. 22K: ₹13,965/g | 24K: ₹15,250/g | 18K: ₹11,438/g today.

Where can I sell my gold in India?

Any Attica Gold Company branch - 200+ branches across South India. Visit atticagoldcompany.com/branch-locator.