https://www.taxtmi.com/article/detailed?id=751 Rules prescribe methods to determine fair market value of movable property for deeming income when property is received without full consideration. Definitions include valuation date as the date of receipt and categories such as quoted and unquoted shares, registered valuer, merchant banker and registered dealer. Jewellery and works of art are valued at open market price or invoice price if purchased from a registered dealer, with valuation reports available above a monetary threshold. Quoted securities follow exchange transaction or lowest exchange price rules; unquoted equity shares use a specified balance sheet based formula; other unquoted securities rely on open market realizable price with optional expert report. en-us Sat, 10 Apr 2010 00:00:00 +0530 Sat, 10 Apr 2010 21:22:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=751 Rules prescribe methods to determine fair market value of movable property for deeming income when property is received without full consideration. Definitions include valuation date as the date of receipt and categories such as quoted and unquoted shares, registered valuer, merchant banker and registered dealer. Jewellery and works of art are valued at open market price or invoice price if purchased from a registered dealer, with valuation reports available above a monetary threshold. Quoted securities follow exchange transaction or lowest exchange price rules; unquoted equity shares use a specified balance sheet based formula; other unquoted securities rely on open market realizable price with optional expert report. Articles Income Tax Sat, 10 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=751