https://www.taxtmi.com/notifications?id=120107 Rule 17CB prescribes that the aggregate fair market value of a trust's assets for section 115TD is the sum of fair market values of balance-sheet assets reduced by income-tax paid (net of refunds) and any balance-sheet items not representing assets. It details valuation methods: quoted shares by average quoted prices on the specified date; unquoted equity shares by a formula adjusting book assets and market values apportionable to paid-up equity; non-equity securities by open-market valuation with a merchant banker or accountant report; immovable property by higher of registered valuer price or stamp duty value; business undertakings by net assets. en-us Fri, 21 Apr 2017 00:00:00 +0530 Tue, 25 Apr 2017 13:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=120107 Rule 17CB prescribes that the aggregate fair market value of a trust's assets for section 115TD is the sum of fair market values of balance-sheet assets reduced by income-tax paid (net of refunds) and any balance-sheet items not representing assets. It details valuation methods: quoted shares by average quoted prices on the specified date; unquoted equity shares by a formula adjusting book assets and market values apportionable to paid-up equity; non-equity securities by open-market valuation with a merchant banker or accountant report; immovable property by higher of registered valuer price or stamp duty value; business undertakings by net assets. Notifications Income Tax Fri, 21 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/notifications?id=120107