Full value of consideration defined: prescribed valuation rules determine tax treatment and option to seek valuation officer.

The full value of the consideration is generally the amount received or accruing to the transferor on transfer of an investment asset, but specific transfers invoke prescribed valuation rules-compensation or government/RBI determined consideration, fair market value, consideration received, book value recorded, insurance receipts or liquidation distributions measured as money or fair market value-and where applicable the higher of stamp duty value and value ascertained on reference to a Valuation Officer. An assessee may opt for Valuation Officer reference for land or building when consideration is less than stamp duty value.

---

---

---