https://www.taxtmi.com/notifications?id=119659 The draft rule prescribes that aggregate fair market value equals the FMV of all balance-sheet assets on the specified date reduced by tax paid (net of refunds) and non-asset items; asset-specific valuation methods are set out: quoted securities by average market price, unquoted equity by a specified book-value based formula adjusted by paid-up capital, non-equity securities by market valuation report, immovable property by the higher of registered valuer's open-market value or stamp duty value, business undertakings at net assets, and other assets by registered valuer report; total liabilities are book values excluding corpus, reserves, contingent liabilities and specified provisions. en-us Mon, 24 Oct 2016 00:00:00 +0530 Tue, 25 Oct 2016 12:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=119659 The draft rule prescribes that aggregate fair market value equals the FMV of all balance-sheet assets on the specified date reduced by tax paid (net of refunds) and non-asset items; asset-specific valuation methods are set out: quoted securities by average market price, unquoted equity by a specified book-value based formula adjusted by paid-up capital, non-equity securities by market valuation report, immovable property by the higher of registered valuer's open-market value or stamp duty value, business undertakings at net assets, and other assets by registered valuer report; total liabilities are book values excluding corpus, reserves, contingent liabilities and specified provisions. Notifications Income Tax Mon, 24 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/notifications?id=119659