https://www.taxtmi.com/acts?id=54832 Foreign assets are valued by category, generally at the higher of acquisition cost and open-market value on the valuation date. Indexed acquisition cost applies where the required open-market valuation is not obtained. Quoted securities use market prices, while unquoted equity shares use an adjusted net-asset-value formula. Bank accounts are valued by cumulative deposits, subject to exclusions for redeposited withdrawals and previously declared deposits. Values are adjusted to prevent double counting where proceeds or withdrawals fund new assets, and foreign-currency values are converted into Indian currency using prescribed valuation-date exchange rates. en-us Mon, 17 Aug 2026 16:19:09 +0530 Mon, 17 Aug 2026 16:37:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=54832 Foreign assets are valued by category, generally at the higher of acquisition cost and open-market value on the valuation date. Indexed acquisition cost applies where the required open-market valuation is not obtained. Quoted securities use market prices, while unquoted equity shares use an adjusted net-asset-value formula. Bank accounts are valued by cumulative deposits, subject to exclusions for redeposited withdrawals and previously declared deposits. Values are adjusted to prevent double counting where proceeds or withdrawals fund new assets, and foreign-currency values are converted into Indian currency using prescribed valuation-date exchange rates. Act-Rules Direct Taxes Mon, 17 Aug 2026 16:19:09 +0530 https://www.taxtmi.com/acts?id=54832