Sale of gold ornaments without the knowledge of purchase

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 February 2012 PLEASE ANY ONE TELL IF A PERSON SOD HIS GOLD ORNAMENTS 2010-11 BUT HE NOT KNOW ABOUT THE PURCHASE VALUE. HOW CAN WE CALCULATE THE CAPITAL GAIN

CA. Hari Kishan

CA. Hari Kishan (Expert)
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01 February 2012 The gold rates are avialable in the Income tax ready reckoners of N V Mehta. Should the year of purchase be known, you could adopt those rates which are fair.

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Querist : Anonymous

Querist : Anonymous (Querist)

04 February 2012 thanks dear for your valuable comments

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