COA of Jewellery held as Stridhan
This query is : Resolved
03 January 2011
Could some one please guide me with a supporting section about the Cost of acquisition to be taken while taxing the Jewellery held as Stridhan at the Time of Sale.
URGENT
URGENT
03 January 2011
Stridhan is received by a family by gift or will or through any other mode as prescribed in Section 49(1).
In such cases Cost of Previous Owner will be taken as cost of acquisition.
In such cases Cost of Previous Owner will be taken as cost of acquisition.
03 January 2011
refer section 55 as well as rule 11UA.
03 January 2011
Thank You sir for the quick reply.. Wish you a very Happy new Year
03 January 2011
Mr. Ram Bahadur : My query is specific to the computaion of Long term Capital Gain, but as suggested by you, Rule 11UA speaks about Sec56 which is for Income from Other Sources
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