https://www.taxtmi.com/notifications?id=135697 Rule 11UAE prescribes FMV for slump sale under section 50B as the higher of FMV1 and FMV2. FMV1 equals A+B+C+D minus L where A is book value of specified assets reduced by certain tax and non-asset amounts, B is valuer-based market price for jewellery and artistic work, C is FMV of shares and securities as per rule 11UA(1), D is stamp-duty value of immovable property and L excludes specified capital, reserves, dividend provisions, certain tax provisions and contingent/unascertained liabilities. FMV2 equals E+F+G+H capturing monetary and non-monetary consideration components with valuation date as the date of slump sale. en-us Mon, 24 May 2021 00:00:00 +0530 Wed, 02 Mar 2022 12:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=135697 Rule 11UAE prescribes FMV for slump sale under section 50B as the higher of FMV1 and FMV2. FMV1 equals A+B+C+D minus L where A is book value of specified assets reduced by certain tax and non-asset amounts, B is valuer-based market price for jewellery and artistic work, C is FMV of shares and securities as per rule 11UA(1), D is stamp-duty value of immovable property and L excludes specified capital, reserves, dividend provisions, certain tax provisions and contingent/unascertained liabilities. FMV2 equals E+F+G+H capturing monetary and non-monetary consideration components with valuation date as the date of slump sale. Notifications Income Tax Mon, 24 May 2021 00:00:00 +0530 https://www.taxtmi.com/notifications?id=135697