Valuation of Gold as per IT Act

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3 Points Posted on 11 July 2020
Can I know at what rate I have to value Gold as on 31.03.2020 as per Income Tax Act
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On 11 July 2020 at 13:32 Report
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This discussion clarifies how to value gold for an individual's net worth declaration under the Income Tax Act. While the Act itself doesn't specify gold valuation rates, it's important to use a consistent and justifiable method. The consensus suggests using the market value of gold as of the relevant date, such as 31.03.2020, for accurate reporting.

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721 Points Posted on 11 July 2020
Why do you want to value it ?

income tax act doesn't talk about gold valuation
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On 11 July 2020 at 23:22
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3 Points Posted on 12 July 2020
While doing Net worth of an Individual, can I take Market Value of Gold for Valuation Purpose
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On 12 July 2020 at 10:11

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