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TMI BlogValuation Rules for determination of Fair Market Value under section 56X X X X Extracts X X X X X X X X Extracts X X X X ..... ceived for a consideration, which is less than the stamp duty value of the property by ₹ 50,000: INCOME FROM OTHER SOURCES = SDV - actual consideration. Note:- Where the date of the agreement fixing the amount of consideration for the transfer of immovable property and the date of registration are not the same, the stamp duty value on the date of the agreement may be taken for the purposes ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as artistic work). If purchased from registered dealer: the Invoice value shall be FMV In any other case: The price which it would fetch if sold in the open market on the valuation date. If the value of properties exceed ₹50,000 then the assessee may obtain the report of registered valuer. [ Rule 11UA(1)(a) & (b) ] SHARES 1. The Fair market value of quoted equity share [ Rule 11UA(1)(c)( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lause (e), of rule 11UA(2), at the option of the assessee. 1.2 Where the consideration received by the assessee is from a non resident * under sub-clauses (a) to (e) of rule 11UA(2), at the option of the assessee. Illustration: If a venture capital undertaking receives a consideration of fifty thousand rupees from a venture capital company for issue of one hundred shares at the rate of five h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... clude book value of all assets including fixed assets, current assets and investments. Not to include * Advance tax + TDS + TCS - Income tax refund claimed. * Debit balance of Profit & Loss Account * Miscellaneous expenditure not written off * Discount on issue of Debenture not written off * Unamortised amount of deferred expenditure not representing any asset. Liabilities Includes ..... X X X X Extracts X X X X X X X X Extracts X X X X
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