Valuation of shares
This query is : Resolved
CA MAYANK SHARMA
(Querist)
13 May 2013
For the valuation of unquoted shares of a pvt ltd company,what value of land should be taken-book value or fair market value as on the date of valuation?
Paras Chheda
(Expert)
15 May 2013
Market value of land has to be taken based on Valuation report of an Approved valuer.
CA MAYANK SHARMA
(Querist)
15 May 2013
plz support ur answer with proper Income Tax sections as I have to explain it to my client!Urgent
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