COA of Jewellery held as Stridhan

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Surbhi Tyagi (Querist)
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03 January 2011 Could some one please guide me with a supporting section about the Cost of acquisition to be taken while taxing the Jewellery held as Stridhan at the Time of Sale.

URGENT

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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03 January 2011 Stridhan is received by a family by gift or will or through any other mode as prescribed in Section 49(1).

In such cases Cost of Previous Owner will be taken as cost of acquisition.

CA. R. B. SAH

CA. R. B. SAH (Expert)
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03 January 2011 refer section 55 as well as rule 11UA.

Surbhi Tyagi

Surbhi Tyagi (Querist)
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03 January 2011 Thank You sir for the quick reply.. Wish you a very Happy new Year

Surbhi Tyagi

Surbhi Tyagi (Querist)
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03 January 2011 Mr. Ram Bahadur : My query is specific to the computaion of Long term Capital Gain, but as suggested by you, Rule 11UA speaks about Sec56 which is for Income from Other Sources

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COA of Jewellery held as Stridhan

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