Fair market value valuation rules govern asset and liability computation for accreted income under prescribed methods and exclusions. Prescribes the method for valuing assets and liabilities for computing fair market value under section 352(2) in relation to accreted income. The aggregate fair market value of total assets is taken from the balance sheet and reduced by tax paid and amounts recorded as assets that do not represent asset value, including unamortised deferred expenditure. Separate methods are provided for quoted and unquoted shares, immovable property, business undertakings, and other assets, using open-market value, prescribed formulas, stamp duty value, and valuation reports from specified professionals. Total liabilities are taken at book value, subject to exclusions for corpus, reserves, contingent liabilities, unascertained liabilities, and specified tax provisions.