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 ?
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.
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
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- LC charges in relation to Asset purchased should be Capitalised ?
- Annual return in Gst
- Transporter Declaration form
- Regarding TDS Applicability For Director Remuneration
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
