https://www.taxtmi.com/news?id=19994 Prescribes the method for determining fair market value of inventory when converted into or treated as a capital asset: immovable property is valued at the stamp-duty adopted/assessed value by government authority on the conversion date; jewellery, art, specified collections and referred shares or securities are valued under the mechanism in the related valuation rule with the valuation date as the conversion date; and all other property is valued at the price it would ordinarily fetch on sale in the open market on the conversion date. en-us Fri, 04 May 2018 09:59:14 +0530 Wed, 06 Aug 2025 12:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19994 Prescribes the method for determining fair market value of inventory when converted into or treated as a capital asset: immovable property is valued at the stamp-duty adopted/assessed value by government authority on the conversion date; jewellery, art, specified collections and referred shares or securities are valued under the mechanism in the related valuation rule with the valuation date as the conversion date; and all other property is valued at the price it would ordinarily fetch on sale in the open market on the conversion date. News - Fri, 04 May 2018 09:59:14 +0530 https://www.taxtmi.com/news?id=19994