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https://www.starcojewellers.com.au/j-jewelry/jewellery-valuation-under-wealth-tax-act.html
1 Wealth-tax Act, 1957 1.1 Synopsis : Wealth-tax Act, 1957 The Central Government has been empowered by Entry 86 of the Union List of the Seventh Schedule of the Constitution of India to levy taxes on the capital value of the assets except on agricultural land.
https://taxguru.in/income-tax/applicability-wealth-tax-making-charges-jewellery.html
Jun 25, 2014 · Valuation of jewellery. (1) The value of the jewellery shall be estimated to be the price which it would fetch if sold in the open market on the valuation date (hereafter in this rule referred to as fair market value). (2) The return of net wealth furnished by the assessee shall be supported by, —.
https://www.starcojewellers.com.au/v-jewelry/valuation-of-jewellery-under-wealth-tax-act.html
Oct 15, 2019 · Valuation of Jewellery Under erstwhile Wealth Tax Act Provisions Rules 18 and 19 which provide the manner in which valuation of jewellery is to be determined. 1. The value of the jewellery shall be estimated to be the price which it would fetch if sold in the open market on the valuation …
https://www.lawyersclubindia.com/experts/valuation-of-jewellary-under-wealth-tax-47681.asp
Nov 13, 2009 · Where the valuation of jewellery has been determined by valuation officer for any assessment year, then such valuation shall be adopted for susequent 4 assessment years subject to the following adjustments:(a) if jewellery include gold or silver then the market valude of gold, silver etc as on valuation date shall be substituted (b) Adjustment shall be made in respect of any acquistion or sale of jewellery during the priod. Wealth tax …
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