Archive for January, 2009

Given below are the gold & silver rates of 10 years from 1974-83required for valuation purposes and calculating tax.

valuation date

standard GOLD 24 carats

SILVER 9960 touch

Rate

Per

Rate

Per

13.11.74

530.00

10 Grams

1220.00

1 Kg

31.12.74

526.00

“

1115.00

“

31.03.75

540.00

“

1025.00

“

03.11.75

547.00

“

1155.00

“

31.12.75

531.00

“

1156.00

“

31.03.76

532.00

“

1127.00

“

23.10.76

560.00

“

1175.00

“

31.12.76

561.00

“

1215.00

“

31.03.77

573.00

“

1310.00

“

11.11.77

658.00

“

1325.00

“

31.12.77

681.00

“

1238.00

“

31.03.78

665.00

“

1382.00

“

31.10.78

870.00

“

1546.00

“

31.12.78

850.00

“

1541.00

“

31.03.79

937.00

“

1688.00

“

20.10.79

1220.00

“

2283.00

“

31.12.79

1308.00

“

3442.00

“

31.03.80

1330.00

“

2655.00

“

07.11.80

1600.00

“

2727.00

“

31.12.80

1690.00

“

2825.00

“

31.03.81

1700.00

“

2720.00

“

27.10.81

1785.00

“

2635.00

“

31.12.81

1720.00

“

2550.00

“

31.03.82

1645.00

“

2680.00

“

15.11.82

1775.00

“

2715.00

“

31.12.82

1750.00

“

2915.00

“

31.03.83

1800.00

“

3105.00

“

1 Tola = 11.6639 Grams 10Grams = 0.8573 Tola

Given below are the gold & silver rates of 10 years from 1965-1974 required for valuation purposes and calculating tax.

Valuation Date

Standard GOLD 24 carats

SILVER 9960 touch

Rate

Per

Rate

Per

24.10.65

134.57

10 Grams

303.00

1 Kg

31.12.65

135.86

“

321.00

“

31.03.66

143.57

“

366.00

“

12.11.66

142.29

“

355.00

“

31.12.66

N.A.

“

360.00

“

31.03.67

N.A.

“

358.00

“

02.11.67

158.00

“

418.00

“

31.12.67

155.50

“

508.00

“

31.03.68

162.00

“

535.00

“

21.10.68

153.00

“

573.00

“

31.12.68

160.00

“

561.00

“

31.03.69

176.00

“

511.00

“

09.11.69

181.00

“

489.50

“

31.12.69

177.00

“

475.00

“

31.03.70

184.50

“

521.00

“

30.10.70

181.25

“

535.00

“

31.12.70

183.75

“

562.25

“

31.03.71

193.00

“

585.00

“

19.10.71

200.00

“

551.75

“

31.12.71

204.00

“

541.00

“

31.03.72

202.75

“

534.50

“

05.11.72

242.25

“

530.00

“

31.12.72

243.50

“

581.50

“

31.03.73

278.50

“

619.00

“

26.10.73

356.00

“

771.00

“

31.12.73

368.00

“

834.00

“

31.03.74

506.00

“

1260.00

“

1 Tola = 11.6639 Grams 10Grams = 0.8573 Tola

Given below are the gold & silver rates of 10 years from 1956- 1965 required for valuation purposes and calculating tax. This is contributed by CA Final Student Arti Patrikar.

Valuation Date

standard GOLD 24 carats

SILVER 9960 touch

Rate

Per

Rate

Per

02.11.56

106.13

Tola

173.88

100 Tolas

31.12.56

104.44

“

173.69

“

31.03.57

105.69

“

179.88

“

23.10.57

107.59

“

181.75

“

31.12.57

107.56

“

186.38

“

31.03.58

111.13

“

195.75

“

12.11.58

111.56

“

187.00

“

31.12.58

114.53

“

192.56

“

31.03.59

119.53

“

199.94

“

31.10.59

124.00

“

209.75

“

31.12.59

125.44

“

210.25

“

31.03.60

130.34

“

216.56

“

20.10.60

113.65

10 Grams

193.10

1 Kg

31.12.60

114.05

“

194.90

“

31.03.61

119.35

“

202.10

“

08.11.61

124.25

“

207.15

“

31.12.61

119.50

“

211.70

“

31.03.62

119.75

“

219.55

“

28.10.62

117.10

“

223.20

“

31.12.62

104.75

“

209.30

“

31.03.63

166.29

“

238.00

“

17.10.63

102.85

“

238.00

“

31.12.63

102.85

“

250.50

“

31.03.64

108.43

“

260.00

“

04.11.64

114.86

“

259.50

“

31.12.64

119.57

“

267.50

“

31.03.65

123.00

“

280.50

“

Gulf countries are one of the largest attractions for foreign investors and expatriate workers due to absence of Income Tax and many other tax reliefs. But this scenario would not last too long.
The six Gulf countries are trying hard to meet the deadline for the implementation of corporate and individual income tax by 2012.  According [...]