In one click, you will find all the information you are interested in about WEALTH TAX VALUATION RULES FOR JEWELLERY. We have collected the most complete and diverse information for you.
https://taxguru.in/income-tax/applicability-wealth-tax-making-charges-jewellery.html
Jun 25, 2014 · b) In the Rules of Valuation of jewellery, it is clearly provided that the value of jewellery shall be estimated to be the price which it would fetch if sold in the open market on the valuation date. It is well settled principle that no one in the open market shall pay for the ‘making charges’ incurred by …
https://www.incometaxindia.gov.in/Acts/Wealth-Tax%20Act,%201957/102120000000026474.htm
JEWELLERY [Valuation of jewellery. 18. 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 (hereafter in this rule referred to as fair market value). (2) The return of net wealth furnished by the assessee shall be supported by,—
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).
http://www.bareactslive.com/ACA/ACT1755.HTM
Wealth-Tax Act, 1957. Wealth Tax Settlement Commission (Procedure) Rules, 1997. 1. Short title and Commencement. 2. Application of Income-tax Settlement Commission (Procedure) Rules 1997. 3. Definitions. Wealth-Tax (Exemption of Heirloom Jewellery of Rulers) Rules, 1958. 1. Short title. 2. Application for recognition of jewellery as heirloom. 3.
https://www.latestlaws.com/bare-acts/central-acts-rules/direct-tax-laws/the-wealth-tax-act-1957/wealth-tax-exemption-of-heirloom-jewellery-of-rulers-rules-1958/
The Wealth-Tax (Exemption of Heirloom Jewellery of Rulers) Rules, 1958. Published vide Notification in the Gazette of India, 1958, Part 2, Section 3, page 665. …
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 Rules, 1957.
https://valuersonline.com/purpose.html
Wealth Tax: Property Owners may need to get property valued for computing wealth and also for payment of Wealth Tax. Jewellery Valuation. Highly skilled experts providing accurate assessments of all types of jewellery, essential when claiming insurance for lost, stolen or damaged. Land & Building Valuation
https://www.caclubindia.com/forum/valuation-of-assets-under-wealth-tax-act-1957-60124.asp
May 14, 2013 · The value of the jewellery shall be fair market value in the openmarket on the valuation date. ●A statement in the prescribed form shall be furnished by the assessee along with return of income where the value of the jewellery on the valuation date does not exceed Rs.5 lakhs.
https://www.incometaxindia.gov.in/Rules/Wealth-Tax%20Rules,%201957/2010/103120000000006826.htm
[ (9) A valuer of jewellery must have been, for a period of not less than five years, a sole proprietor or partner in a partnership firm carrying on jewellery business which has on an average an annual turnover of not less than rupees 15 lakhs [or profit (including fees for valuation) of not less than rupees fifty thousand] in the last three accounting years immediately preceding the year in which the application …
https://www.incometaxindia.gov.in/Pages/rules/wealth-tax-rules.aspx
Income Tax Department > Tax Laws & Rules > Rules > Wealth-Tax Rules, 1957 Income Tax Department > All Rules > Wealth-Tax Rules, 1957 Choose Rules: Rule Wise ... Valuation of interest in partnership or association of persons. Rule - 2A. Determination of the net value of assets of business as a whole. Rule - 2B.
You've looked at the most informative WEALTH TAX VALUATION RULES FOR JEWELLERY links. On our site you can also find a lot of other information related to jewelry.
