https://www.taxtmi.com/manuals?id=4959 For section 50B purposes, net worth is the aggregate book value of an undertaking's total assets less the book value of its liabilities as shown in its books of account; any increase in asset value due to revaluation must be ignored in computing net worth. en-us Wed, 11 Sep 2024 11:56:00 +0530 Mon, 06 Jan 2025 15:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4959 For section 50B purposes, net worth is the aggregate book value of an undertaking's total assets less the book value of its liabilities as shown in its books of account; any increase in asset value due to revaluation must be ignored in computing net worth. Manuals Income Tax Wed, 11 Sep 2024 11:56:00 +0530 https://www.taxtmi.com/manuals?id=4959