Valuation Guidelines for Charitable Trusts' Assets and Liabilities Detailed in Rule 17CB, Excluding Certain Liabilities

The method of valuation of assets and liabilities for charitable, religious, educational trusts, or organizations under section 115TD(2) is detailed in Rule 17CB. The total liability excludes capital funds, reserves, contingent liabilities, and certain tax provisions. The total assets' fair market value is calculated by aggregating the fair market value of all assets, minus specific tax payments and non-asset values. Valuation methods include market prices for quoted shares, a formula for unquoted equity shares, and valuation reports for immovable property and other assets. Professional valuers or registered valuers provide necessary valuation reports.