I have got a gold ornament at the time of my marriage ceremony by way of GIFT.
I dont know what is the cost to the previous owner. The previous owner of the ornament didnt obviously give me the cash memo. Now I am going to sell the ornament. What will be the cost of acquisition u/s 49(1) for the purpose of computing Capital Gain?
I have purchased another Gold ornament in june 2007. But I lost the cash memo. I dont even remember the cost of the ornament. Now I want to sell the ornament in 2011. What will be the cost of acquisition u/s 48 for the purpose of computing Capital Gain? Please Help me .