Fair market value for slump sale is the higher of asset based or consideration based computations under new Rule 11UAE. Rule 11UAE prescribes FMV for slump sale under section 50B as the higher of FMV1 and FMV2. FMV1 equals A+B+C+D minus L where A is book value of specified assets reduced by certain tax and non-asset amounts, B is valuer-based market price for jewellery and artistic work, C is FMV of shares and securities as per rule 11UA(1), D is stamp-duty value of immovable property and L excludes specified capital, reserves, dividend provisions, certain tax provisions and contingent/unascertained liabilities. FMV2 equals E+F+G+H capturing monetary and non-monetary consideration components with valuation date as the date of slump sale.