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Capital Gain on Gold Sold

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(Querist)
17 December 2008
How to calculate capital gain on gold sold which was acqired by will. cost of purchase is not known ?
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CA Tilak Raj Sharma

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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.
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Ravikumar.G

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Ravikumar.G (Expert)
17 December 2008 Further gold and silver rates are available in the reckoner.



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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
09 October 2021 Rate of 24 Carat gold in April 2001 was Rs. 4300/- for 10 Gms. (1 Tola)
Take it as COA.

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