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https://www.lawyersclubindia.com/experts/valuation-of-jewellary-under-wealth-tax-47681.asp
Nov 13, 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 report from registered valuer. However, it is preferable to get the Jewellery valued once and then you can yourself value the same by replacing the value of bullion and diamonds as applicable on the valuation date.
https://valuersonline.com/jewellery-Valuation.html
All Valuations are presented as a quality package containing extensive detail and include photographs (if demand by assessee). Reports can be provided for a variety of purposes, including: post-loss Assessment, Wealth –Tax purpose, Insurance purpose, Gift-tax purpose, Arbitration purpose,etc.
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.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 ... 1993 wherein it has been mentioned that valuation report obtained shall be the basis for valuation of next 4 Assessment Years in case of jewellery exceeding Rs. 5 Lacs. Is there any change after that in the said rule or cicular?
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.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/rates-of-gold-and-silver-for-wealth-tax-valuation-purpose-along-with-valuation-rules.html
Apr 28, 2020 · On date 08/03/2014 today, i m doing calculation of wealth tax for AY 2013-2014. how can arrive the value of silver if i assessee have silver 15kg. show the …
https://www.topcafirms.com/white-paper/wealth-tax-basic-computation-and-valuation
Sep 17, 2014 · Wealth Tax: Basics and Computation-Wealth Tax is levied @ 1 % on individual, HUF and Company entities as on relevant valuation date. - Basic Exemption limit of 30,00,000 is available to all assesses i.e. individuals, HUF and Company.
https://indiankanoon.org/doc/88959717/
The basis of filing the wealth tax return of assessee has been a valuation as on 31/03/2000, report being dated 08/09/2000. The jewellery value in this valuation has been increased year after year at the prevalent rate of gold on successive valuation dates.
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