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https://taxguru.in/income-tax/applicability-wealth-tax-making-charges-jewellery.html
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.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 will be charged @ 1% …
https://taxguru.in/income-tax/rates-of-gold-and-silver-for-wealth-tax-valuation-purpose-along-with-valuation-rules.html
Apr 28, 2020 · Rates of Gold and Silver for Wealth Tax valuation Purpose - Valuation of Jewellery- Jewelry Includes Ornaments made of gold, silver, platinum or any other prec Gold Rate Chart alongwith its taxability under Income Tax
https://www.caclubindia.com/experts/wealth-tax-jewellery-valuation--1810644.asp
Jul 30, 2014 · Wealth tax - jewellery valuation This query is : Resolved Report Abuse Follow Query Ask a Query. Querist : Anonymous Querist : Anonymous (Querist) 30 July 2014 In how many years the jewellery having value exceeding Rs. 5 Lacs to be get valued by the registered valuer? CS,CA F,Numrologi TusharSampat. CS,CA F,Numrologi TusharSampat (Expert) ...
https://www.caclubindia.com/forum/valuation-of-jewellery-for-wealth-tax-purpose-179446.asp
Nov 27, 2012 · and it is necessary every year to attach the report with wealth tax return And as per Circular No. 646, it has been decided that report of registered valuer obtained for one assessment year can also be used in subsequent ffour asst. yrs. subject to adjustments (i.e. relating to price relavent to valuation date and adjustment of purchases and sales)
https://www.pathlegal.in/Valuation-of-Assets-under-Wealth-Tax-Act-,1957---blog-1258800
Valuation of Assets under Wealth Tax Act ,1957 Section 7(1): Valuation of assets other than cash shall be determined in the manner laid down in schedule III of the wealth Tax Act. ASSETS: 1. House. 2. Motor Car. 3. Jewellery, Bullion, etc., 4. Yachts, boats and aircrafts, 5. Urban Land, 6. Cash in Hand, 1. Valuation of Immovable Property (House)
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,—
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