WebNov 10, 2024 · Prior to the Finance Act, 2024, the base year for fixing CII was 1981. The Finance Act, 2024 shifted the base year from 1981 to 2001. The reason for the shift is the genuine hardship/difficulty that was placed on taxpayers in computing capital gains due to the unavailability of relevant information for computation of FMV of assets as on 1 April ... WebSep 19, 2013 · We just found this old diamond wholesale price list from August 1980. It is historically of interest to some of us since diamond prices ran up very fast between 1978 and 1980 only to crash, especially the highest quality stones. The run up of prices in diamonds was triggered by speculation by a couple wealthy individuals, mostly in the …

Diamond rates [Resolved] Income Tax - CAclubindia

WebJan 4, 2001 · Talk to Abhishek Dugar. Hi, You will have to pay 20% tax on capital gain arising on sale of gold. Capital gain = sale value minus indexed cost of acquisition. Indexed cost of acquisition = gold value as on 1.4.2001 * 2.8. You can save tax if you invest in eligible bonds within 6 months from the date of sale. WebApr 11, 2024 · Jewellery Shops across Mumbai buy and sell Diamond in Grams, Carats and Milligrams. 1 gram of Diamond is equal to 5 Carats. 1 Carat of Diamond is equal to 0.2 Grams, 1/2 Carat of Diamond is equal to 100 Milligrams, 1/4 Carat of Diamond is equal to 50 Milligrams, 3/4 Carat of Diamond is equal to 150 Milligrams, 2 Carat of Diamond is … northgate logistics nip

How income tax rule applies on capital gains after sale of jewelry

WebConsider a parcel of 0.30 to 0.39 carat diamonds that average F to G color and VVS1 to VVS2 clarity. Given the FVVS1 price of 36 ($3,600 per carat) and the G-VVS2 price of 29 ($2,900 per carat), the average price is … Web2) The fair market value as on 1st April 2001 has to be determined and not the value in 1986 The indexed cost of acquisition of the property, if sold in the current financial year, … WebRapaport Diamond Price Statistics Annual Report. The most thorough annual report covering markets and diamond price movements presents must-have data at your fingertips—a year-in-review of diamond prices; diamond investment analysis for the last decade; diamond price performance trends; and RapNet Diamond Price analysis that … northgate logistics gdynia