Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Understanding Market Value in Section 80A (6) and Section 92F of Income Tax Act for Accurate Tax Valuation.</h1> Market value, as defined for the purposes of sub-section (6) of section 80A of the Income Tax Act 1961, refers to the price goods or services would achieve if sold or acquired in the open market, considering any statutory or regulatory restrictions. For specified domestic transactions, market value aligns with the arm's length price as per section 92F. This definition aids in determining the appropriate valuation for tax purposes in various transactions involving goods or services.