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?
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
(Expert)
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
(Expert)
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.
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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