https://www.taxtmi.com/manuals?id=4524 Rule 17CB prescribes that total liability equals book value on the specified date excluding capital/corpus, reserves, contingent liabilities, non-ascertained provisions and certain tax provisions. Aggregate fair market value of assets equals the sum of fair market values reduced by tax paid (net of refunds) and non-asset items. Quoted shares use average traded prices; unquoted equity shares follow a specified formula combining adjusted book assets, market values of specified items and adjusted liabilities; non-equity securities require a valuation report. Immovable property is the higher of registered valuer open-market value and stamp duty value; business undertakings are valued as net assets; other assets require a registered valuer or specified professional valuer report. en-us Thu, 25 Apr 2024 18:46:00 +0530 Wed, 01 May 2024 14:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4524 Rule 17CB prescribes that total liability equals book value on the specified date excluding capital/corpus, reserves, contingent liabilities, non-ascertained provisions and certain tax provisions. Aggregate fair market value of assets equals the sum of fair market values reduced by tax paid (net of refunds) and non-asset items. Quoted shares use average traded prices; unquoted equity shares follow a specified formula combining adjusted book assets, market values of specified items and adjusted liabilities; non-equity securities require a valuation report. Immovable property is the higher of registered valuer open-market value and stamp duty value; business undertakings are valued as net assets; other assets require a registered valuer or specified professional valuer report. Manuals Income Tax Thu, 25 Apr 2024 18:46:00 +0530 https://www.taxtmi.com/manuals?id=4524