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Valuation of shares

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(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?
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Paras Chheda

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Paras Chheda (Expert)
15 May 2013 Market value of land has to be taken based on Valuation report of an Approved valuer.
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CA MAYANK SHARMA

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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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