Capital gain

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 July 2014 Dear Experts,

Please guide me on below case,
One of my client sold Jewellery to local Jewellery For Rs 4 lac But he did not know the cost of purchase of that Jewellery since the Jewellery is to old , SO I request you to please guide me on the calculation of capital Gain on the above case?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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25 July 2014 if the jewellary was procured before 1 April 1981, then get the valuation done as on 1 April 1981 by an official valuer.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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25 July 2014 if the jewellary was procured before 1 April 1981, then get the valuation done as on 1 April 1981 by an official valuer.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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29 July 2014 u need to get valuation report only from a govt regsitered valuer else it wont be accepted by itd.

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