Calculation of fair value under capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 September 2014
sir,
actually during the f.y. 2013-14 my client sold gold ornaments which were purchased in 1985-86 but purchase price is not known..bill of purchase is missing. how long term capital gain will be calculated. please suggest me.
actually during the f.y. 2013-14 my client sold gold ornaments which were purchased in 1985-86 but purchase price is not known..bill of purchase is missing. how long term capital gain will be calculated. please suggest me.
29 September 2014
Get certificate from regd valuer for current value. and estimated purchase cost according to gold weight can be taken to compute purchase cost
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