Fair market value
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 February 2017
Dear Sir/Madam,
What will be the Fair Market Value of a Car received as Gift for determining value under Section 56 (2) (vii)?
Will it be Ex- Showroom Price or the On Road Price?
Thanks
What will be the Fair Market Value of a Car received as Gift for determining value under Section 56 (2) (vii)?
Will it be Ex- Showroom Price or the On Road Price?
Thanks
20 February 2017
Car is not covered in section 56 (2)(vii).
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