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https://www.lawyersclubindia.com/experts/valuation-of-jewellary-under-wealth-tax-47681.asp
Nov 13, 2009 · Wealth tax will be charged @ 1% on the net wealth including jewellery in excess of Rs.15 lakhs on the valuation date (31st March of the Previous Year).
https://taxguru.in/income-tax/applicability-wealth-tax-making-charges-jewellery.html
Jun 25, 2014 · CA Vidhan Surana & CA Sunil Maloo. Whether wealth tax leviable on the making charges of the jewellery? – A Detailed Analysis. Under the scheme of Wealth Tax in India, Wealth tax is levied on the net wealth of the every individual, Hindu undivided family and company as on the valuation date.
https://taxguru.in/income-tax/valuation-accepted-wealthtax-act-adopted-computing-capital-gain-incometax-act.html
Moreover, the mode of valuation of jewellery under the Wealth Tax Act as it appears from Rule 18 of Schedule III of the said Act is also the fair market value, which is adopted in calculating the capital gain as indicated below: “ 18.
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://www.incometaxindia.gov.in/Tutorials/41.%20Wealth_Tax.pdf
Wealth tax is levied on the net wealth owned by a person on the valuation date, i.e., 31st March of every year. Wealth-tax is levied at 1% on the net wealth in excess of Rs. 30,00,000. Entities which are not liable to wealth-tax Following entities are not liable to pay wealth-tax: (a) any company registered under section 25 of the Companies Act;
https://valuersonline.com/purpose.html
purpose: for prompt & excellent services regarding valuation of jewellery & ornaments, land & building, i.e. for all movable & immovable properties for the purpose of wealth-tax, capital gain tax, income tax purpose, gift tax purpose, insurance purpose, finance purpose, probate, family division e.t.c.
http://www.miraajassociates.com/rules/Wealth%20Tax%20Rules%201957.pdf
WEALTH-TAX RULES, 1957 (SRO 3384, Dated. 18-10- 1957) In exercise of the powers conferred by section 46 of the Wealth-tax Act. ]957 (27 of 1957), the Central Board of Revenue hereby makes the following rules, namely:-- 1.- Short title and commencement. (1) These rules may be called the Wealth-tax …
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://blog.ipleaders.in/wealth-tax-computation/
The Wealth Tax is calculated on the market value of the assets. Some of the basics rules in the following: Wealth Tax is collected from an individual, HUFs and Companies. If the net wealth is up to 30 lacs then no tax is payable. Where the net wealth exceeds 30 lacs, the wealth tax collection will be 1%.Estimated Reading Time: 9 mins
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.
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