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Capital Gains on sale of Jewellery

Others 361 views 1 replies

Dear Sirs,

I require the following clarifications:

1. For Jewellery purchased before 2001, should the gold price of 31.3.2001 or 31.3.2002 be taken as base ?

2. From which website, I should take the base prices of Gold such as 2001,2002, 2003, 2004, 2005 (all on 31st March)?

3. For Jewellery purchased (say) in Aug 2005 , whether the price as on 31.3.2005 (before the corresponding FY or 31.3.2006 (the last date of the corresponding FY) should be taken?

4. I find the cost Inflation Index is also for FY. Am I correct if I take the Inflation Index of the corresponding FY?

Replies (1)
1. 01-04-2001
2. Google will help
3. Actual date of Aug 2005
4. For 1 - CII of FY 2001-2002,
For 3 - CII of 2005-2006


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