How to determine fair market value
This query is : Resolved
12 June 2009
Please help me on this:
One of the clients wants to convert building into stock in trade. How to determine the Fair Market Value of the building for taxation purposes.
One of the clients wants to convert building into stock in trade. How to determine the Fair Market Value of the building for taxation purposes.
12 June 2009
for this you need to get the property valued from govt approved valuer.
He will give his valuation report. Considered this value as fair market value for the purpose of conversion.
He will give his valuation report. Considered this value as fair market value for the purpose of conversion.
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