gift
This query is : Resolved
21 July 2009
As per budget, it is said that if a immovable asset (share) is transferred to some one without consideration or less consideration in comparision of fair market value is taxable over 50000/- as gift. my question is how fair market value will be calculated.
21 July 2009
In my opinion fair market will be calculated at the maximum traded price on the day of transfer.
21 July 2009
fair market value means the highest price of the share on stock exchange as on the date of transfer.
In case the shares are not listed on any stock exchange then the fair market value means
total profit of the company / nos of shares
Profit & nos of shares will be as on the date of transfer.
In case the shares are not listed on any stock exchange then the fair market value means
total profit of the company / nos of shares
Profit & nos of shares will be as on the date of transfer.
21 July 2009
Agreed with Mr. Chetan Soni
Regards
Regards
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