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https://www.incometaxindia.gov.in/Forms/Wealth-Tax%20Rules,%201957/103120000000008063.pdf
Purpose for which valuation is made 2. Date as on which valuation is made 3. Name of the owner(s) of the jewellery 4. If the asset is under joint ownership/coownership, share of - each owner 5. Description of each item of jewellery 6. Total gross weight of each item of jewellery 7. Net weight of precious metal, such as gold, silver,
https://www.lawyersclubindia.com/experts/valuation-of-jewellary-under-wealth-tax-47681.asp
Nov 13, 2009 · Wealth tax will be charged @ 1% on the net wealth including jewellery in excess of Rs.15 lakhs on the valuation date (31st March of the Previous Year). Vineet (Expert) 15 November 2009. 15 November 2009 Valuation of Jewellery as on 31st March of the relevant year for which wealth tax is being paid. It is not mandatory to have any valuation ...
https://taxguru.in/income-tax/rates-of-gold-and-silver-for-wealth-tax-valuation-purpose-along-with-valuation-rules.html
May 26, 2014 · However taxation of Gold ETF is same as selling gold jewellery. It means if Gold ETF is sold after 36 months from the date of purchase then Long term capital gain tax is levied @ 20% on the profits and if it is sold within 36 months then short term capital gain tax on the profits will be levied at normal slab rates. 4.
https://valuersonline.com/jewellery-Valuation.html
Date as on which valuation is made. Name of owner(s) of the jewellery. If the asset is under joint ownership/co-ownership, share of each owner. Description of each item of jewellery. Total gross weight of each item of jewellery. Net weight of precious metal such as gold, silver, platinum, etc., in each item of jewellery.
https://itatonline.org/articles_new/implications-of-jewellery-found-during-the-course-of-search-u-s-132-of-the-income-tax-act-1961/
Jun 11, 2020 · (i) In the case of a wealth-tax assessee, gold jewellery and ornaments found in excess of the gross weight declared in the wealth-tax return only need to be seized. (ii) In the case of a person not assessed to wealth-tax gold jewellery and ornaments to the extent of 500 gms. per married lady, 250 gms per unmarried lady and 100 gms. per male ...Estimated Reading Time: 12 mins
https://www.incometaxindia.gov.in/Acts/Wealth-Tax%20Act,%201957/102120000000026474.htm
JEWELLERY [Valuation of jewellery. 18. 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://taxguru.in/income-tax/applicability-wealth-tax-making-charges-jewellery.html
Jun 25, 2014 · Many times the registered valuers while valuing the jewellery for the purpose of wealth tax and also sometime the Assessing Officer while making the Wealth Tax Assessment, includes the ‘Making Charges’ in the value of the jewellery and levies Wealth Tax on the Same.
https://www.goodreturns.in/classroom/2016/08/how-is-wealth-tax-capital-gains-tax-payable-on-gold-480084.html
Aug 10, 2016 · As per the present provisions, you have to pay 1 per cent of the amount as Wealth Tax on gold, if the valuations is above Rs 30 lakhs. If you do not file a tax returns for Wealth Tax…Estimated Reading Time: 3 mins
https://taxguru.in/income-tax/gold-silver-rates-urrent-ten-assessment-years-april-1-1981.html
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 date.
https://www.tallyknowledge.com/2013/08/gold-and-silver-rates-from-1981-to-2013.html
Mar 16, 2018 · Note: Vide Circular No. 646 Dated 15.3.1993, The Board has decided that valuation report of jewellery as given by the registered valuer for a particular assessment year can be used for subsequent four assessment years subject to certain adjustments as specified under Rule 19 of Schedule III of the Wealth Tax Act.
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