https://www.taxtmi.com/notifications?id=22735 Determination of fair market value for property other than immovable property is prescribed for purposes of section 56, defining key terms and setting asset specific methods: jewellery and artistic works are valued at open market price (invoice value if from a registered dealer; registered valuer's report may be obtained where applicable); quoted securities are valued by exchange transaction value or lowest quoted prices when off exchange; unquoted equity shares are valued by a prescribed balance sheet based formula; other unlisted securities are valued by open market estimate with merchant banker or accountant report permissible. en-us Thu, 08 Apr 2010 00:00:00 +0530 Wed, 25 Sep 2019 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=22735 Determination of fair market value for property other than immovable property is prescribed for purposes of section 56, defining key terms and setting asset specific methods: jewellery and artistic works are valued at open market price (invoice value if from a registered dealer; registered valuer's report may be obtained where applicable); quoted securities are valued by exchange transaction value or lowest quoted prices when off exchange; unquoted equity shares are valued by a prescribed balance sheet based formula; other unlisted securities are valued by open market estimate with merchant banker or accountant report permissible. Notifications Income Tax Thu, 08 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/notifications?id=22735