https://www.taxtmi.com/manuals?id=925 Valuation of property for income-tax purposes is governed by separate fair market value rules under Rule 57 and Rule 11UA. Jewellery and artistic work are generally valued at open-market price, with invoice value applying where purchased from a registered dealer and a registered valuer's report available in specified cases. Quoted shares follow stock-exchange transaction value or quoted market price, while unquoted shares and securities are valued at open-market price, and unquoted equity shares are valued by the prescribed asset-liability formula. en-us Tue, 18 Aug 2015 17:07:00 +0530 Wed, 13 May 2026 17:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=925 Valuation of property for income-tax purposes is governed by separate fair market value rules under Rule 57 and Rule 11UA. Jewellery and artistic work are generally valued at open-market price, with invoice value applying where purchased from a registered dealer and a registered valuer's report available in specified cases. Quoted shares follow stock-exchange transaction value or quoted market price, while unquoted shares and securities are valued at open-market price, and unquoted equity shares are valued by the prescribed asset-liability formula. Manuals Income Tax Tue, 18 Aug 2015 17:07:00 +0530 https://www.taxtmi.com/manuals?id=925