05 July 2023
Hi I have one Client, he had sale his Mother Jewelry ( mother was death 10 years back) and this jewelry was around 50 years old and sale value is of Rs.7 lakh, whether this type of income should be calculate Capital Gain or this will be exempt income. and where need to show in ITR Please guide on the same. Thanks
05 July 2023
Sir, Client Didn't know the Acquisition cost of that time(because jewelry was 50 years old and not having any bills), then how to take that amount, for calculating Indexed acquisition cost. Please guide
CAclubindia
