Wealth tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 August 2015 I have taken the valuation report from the registered valuer for jewelleries as on 31.03.2014 and filed my W.T. Return for A. Y. 2014-15.

Now my queries is how to value to jewlleries for filing the W. T. Return for A. Y. 2015-16?

Please help I want to file my W. T. Return within due date.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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30 August 2015 Valuation report of AY 2014-15 can be used subject to the following adjustments.

1) substitute the market value as On 31-3-2015 (valuation date)of gold and silver embedded in the jewellery

2) if jewellery is purchased or sold out in FY 2014-15, additions/ deletion may be made in the valuation report to that extent.