Capital Gain on Gold Sold
This query is : Resolved
17 December 2008
How to calculate capital gain on gold sold which was acqired by will. cost of purchase is not known ?
How to calculate capital gain on gold sold which was acqired by will. cost of purchase is not known ?
CA Tilak Raj Sharma
(Expert)
17 December 2008
If you dont know the cost and the Gold was acquired by the original owner before 01.04.1981 then you can take market value of Gold as on 01.04.1981 as purchase price. Apply indexation and that will be cost of acquisition.
Ravikumar.G
(Expert)
17 December 2008
Further gold and silver rates are available in the reckoner.
09 October 2021
Rate of 24 Carat gold in April 2001 was Rs. 4300/- for 10 Gms. (1 Tola)
Take it as COA.
Take it as COA.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Reward for festival
- 18% Rent a cab
- Missed uploading GST Invoice
- Movement of goods by packers and movers - type of sale - Reg.
- Appointment of Auditor By Form ADT-1
- Closer of business and itc of capital goods
- Gratuity paid to legal heir above 20 lakh is taxable or not
- ARCA LOGIN
- TDS Return Statement Status
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
