https://www.taxtmi.com/notifications?id=117935 Rules prescribe valuation methods and procedures under the Black Money Act, specifying that fair market value for categories of foreign assets (bullion, jewellery, artistic works, quoted and unquoted shares, immovable property, bank accounts, partnership interests and other assets) will be the higher of cost of acquisition or open-market price, subject to adjustments for transfers before valuation date and offsets where consideration is reinvested; set currency conversion rules using Reserve Bank reference rates or specified central bank rates; and establish forms, fees and conditions for declaration, notice of demand, appeals and recovery, with detailed annexures for disclosures. en-us Thu, 02 Jul 2015 00:00:00 +0530 Sat, 04 Jul 2015 12:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=117935 Rules prescribe valuation methods and procedures under the Black Money Act, specifying that fair market value for categories of foreign assets (bullion, jewellery, artistic works, quoted and unquoted shares, immovable property, bank accounts, partnership interests and other assets) will be the higher of cost of acquisition or open-market price, subject to adjustments for transfers before valuation date and offsets where consideration is reinvested; set currency conversion rules using Reserve Bank reference rates or specified central bank rates; and establish forms, fees and conditions for declaration, notice of demand, appeals and recovery, with detailed annexures for disclosures. Notifications Income Tax Thu, 02 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/notifications?id=117935