Difference between mv & fmv
CA SOHAM SHUKLA (Nil) (157 Points)
09 July 2014
What is the difference between Market value and Fair Market Value of an asset?
CA SOHAM SHUKLA (Nil) (157 Points)
09 July 2014
RAMGOPAL VERMA
(Self Occupation)
(26 Points)
Replied 09 July 2014
Market Value mean, a meterial can be sold @ negotiable price (less or more) to the tune in a range of used or new status of meterial, whereas;
Fair market value mean, to the "Standard' lable and not negotiable.
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