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Capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 April 2016 Hi,

My client has sold ornaments of her mother in fy 2015-16 and he has not receipt of purchase.

How can he show purchase value while calculating capital gain? Can he get help of registered valuer and get valued ornaments' purchase value?

If not, how can he reduce capital gain?

Thanks in advance
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
28 April 2016 consider market value on the date of purchase.
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Rupesh Jain

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Rupesh Jain (Expert)
29 April 2016 taxable in mother hand. take value of purchase when buy the ornaments.
and calculate the tax.
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