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https://taxguru.in/income-tax/valuation-accepted-wealthtax-act-adopted-computing-capital-gain-incometax-act.html
Revenue having accepted the declaration of the valuation of the selfsame jewellery given by the assessee as on 31 st March, 1989 as correct valuation for the purpose of Wealth Tax Act, there is no reason why the same valuation should not be treated to be a reliable base for the purpose of computing the capital gain under the Act by the process of reverse indexation.
https://www.caclubindia.com/forum/valuation-of-assets-under-wealth-tax-act-1957-60124.asp
May 14, 2013 · VALUATION OF ASSETS UNDER WEALTH TAX ACT, 1957. Section 7 (1): Valuation of assets other than cash shall be determined in the manner laid down in schedule III of the wealth Tax Act. Before moving ahead first let’s see the assets which fall under the definition of assets as per section 2 (ea) and shall be included in the wealth of a person.
https://itatonline.org/articles_new/implications-of-jewellery-found-during-the-course-of-search-u-s-132-of-the-income-tax-act-1961/
Jun 11, 2020 · (i) In the case of a wealth-tax assessee, gold jewellery and ornaments found in excess of the gross weight declared in the wealth-tax return only need to be seized. (ii) In the case of a person not assessed to wealth-tax gold jewellery and ornaments to the extent of 500 gms. per married lady, 250 gms per unmarried lady and 100 gms. per male ...Estimated Reading Time: 12 mins
https://www.incometaxindia.gov.in/Tutorials/41.%20Wealth_Tax.pdf
Income-tax is levied on the income of the taxpayer, whereas wealth tax is levied on the wealth of the taxpayer. Wealth tax is governed by Wealth Tax Act, 1957. In this part you can gain knowledge on various provisions of Wealth Tax Act, 1957. Here, it is to be noted that Wealth-tax Act, 1957 is abolished w.e.f. 1-4-2016. Basic provisions
https://taxguru.in/income-tax/rates-of-gold-and-silver-for-wealth-tax-valuation-purpose-along-with-valuation-rules.html
May 26, 2014 · Another impoartant component of an assessee’s wealth is his residential property additional to the holding allowed as per wealth tax act. I am interested in knowing where I can get the 1981 ready reckoner prices (when ready reckoner prices were …
https://taxguru.in/income-tax/gold-silver-rates-urrent-ten-assessment-years-april-1-1981.html
Valuation of Jewellery Under erstwhile Wealth Tax Act Provisions Rules 18 and 19 which provide the manner in which valuation of jewellery is to be determined. 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.
https://www.incometaxindia.gov.in/Rules/Wealth-Tax%20Rules,%201957/2010/103120000000006826.htm
(b) he has been convicted of an offence connected with any proceeding under the Income-tax Act, 1961 (43 of 1961), or the Wealth-tax Act, 1957 (27 of 1957), or the Gift-tax Act, 1958 (18 of 1958), or a penalty has been imposed on him under clause (iii) of sub-section (1) of section 271 or clause (i) of section 273 of the Income-tax Act, 1961 ...
https://taxguru.in/income-tax/wealth-tax-act1957.html
Valuation of asset. Wealth tax is levied on the value of assets owned by the taxpayer on the valuation date, i.e., 31st March of the relevant year. Value of any asset liable to wealth-tax (other than cash) is to be determined in the manner prescribed in the Valuation Rules (i.e., rules given in Schedule III of Wealth-tax Act).
https://www.caclubindia.com/experts/limit-of-exemption-for-an-assessee-to-keep-jewellery--835650.asp
Dec 06, 2011 · “ (ii) A perusal of the above circular shows that in case of person not assessed to wealth-tax gold jewellery and ornaments to the extent of 500 gms. per married lady, 250 gms. per unmarried lady and 100 gms. per male member of the family need not be seized.
https://www.taxmanagementindia.com/visitor/detail_article.asp?ArticleID=6998
Sep 20, 2016 · REGISTERED VALUER UNDER WEALTH TAX ACT, 1957 – PART II. The following is the procedure for registration of valuer under this Act-. Any person who possesses the qualifications prescribed in this behalf may apply to the Chief Commissioner or Director General in the Form No. N for being registered as a valuer under this section;
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