9911796707
TMI BlogMeaning of expressions used in determination of fair market valueX X X X Extracts X X X X X X X X Extracts X X X X ..... relation to any company, means,- (i) for the purposes of sub-rule (2) of rule 11 UA , the balance-sheet of such company (including the notes annexed thereto and forming part of the accounts) as drawn up on the valuation date which has been audited by the auditor of the company appointed under section 224 of the Companies Act, 1956 (1 of 1956) and where the balance-sheet on the valuation d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n date which has been audited by the auditor of the company, if any, appointed under the laws in force of the country in which the company is registered or incorporated; ] ' ] (c) merchant banker means category I merchant banker registered with Security and Exchange Board of India established under section 3 of the Securities and Exchange Board of India Act, 1992 (15 of 1992); (d) qu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 8A of wealth-tax Rules, 1957 ; (h) securities shall have the same meaning as assigned to it in clause (h) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956); (i) unquoted shares and securities , in relation to shares or securities, means shares and securities which is not a quoted shares or securities; 4 [ (j) valuation date means the date on which the p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... fication No. 52/2012, Dated 29-11-2012 , before it was read as:- (j) valuation date means the date on which the respective property is received by the assessee. 5. Omitted vide Notification No. 23/2018 dated 24-05-2018 before it was read as:- 2 [ (a) accountant ,- (i) for the purposes of sub-rule (2) of rule 11UA , means a fellow of the Institute of Chartered A ..... X X X X Extracts X X X X X X X X Extracts X X X X
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