https://www.taxtmi.com/acts?id=47355 The substituted rule defines jewellery value as fair market value on the valuation date and requires prescribed supporting documentation: a prescribed statement below the documentary threshold and a registered valuer's report above that threshold. The Assessing Officer may, where declared value is considered below fair market value by the prescribed margin or otherwise, refer valuation to a Valuation Officer whose estimate will determine the jewellery's value for assessment. en-us Sat, 11 Jan 2025 11:39:24 +0530 Sat, 11 Jan 2025 11:39:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=47355 The substituted rule defines jewellery value as fair market value on the valuation date and requires prescribed supporting documentation: a prescribed statement below the documentary threshold and a registered valuer's report above that threshold. The Assessing Officer may, where declared value is considered below fair market value by the prescribed margin or otherwise, refer valuation to a Valuation Officer whose estimate will determine the jewellery's value for assessment. Act-Rules F. Acts / Amendment Acts Sat, 11 Jan 2025 11:39:24 +0530 https://www.taxtmi.com/acts?id=47355