Capital Gain

This query is : Resolved

Raj Saxena (1412th Tiger) (Querist)
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18 February 2009 What type of paper document is required if I sale gold/jewllery inherited from my father.

What kind of document needed to determine cost of previous owner as specified under section 49(1) of income tax act when I dont have the bill?

Is there any other types of documents required?

CA.Tarun Maheshwari

CA.Tarun Maheshwari (Expert)
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18 February 2009 Valuation certificate from the registered jeweller is required to prove the values. Try to make transaction through bank. so that genuineness of transaction can be proved.