BB Sir - Compact Nov 24 (CAF) - 46
BB Sir - Compact Nov 24 (CAF) - 46
A = Book value of all the assets (except jewellery, artistic work, shares, securities and immovabja
property) as reduced by the following amount:
a
& Income-tax paid after reducing income-tax refund (if any)
aoa
& Unamortised amount of deferred expenditure.
a
B= FMV of jewellery and artistic work (based on registered valuer report)
“a
C= FMV of shares and securities
D = SDV of Immovable property
L = Book value of liabilities, but excluding following: va
a
& Paid up equity share capital.
a
& Dividend amount set apart where such dividends have not been declared in AGM before
al
the date of transfer.
al
& Reserves and surplus, other than depreciation reserve.
=
& Provision for tax, other than income-tax paid after reducing income-tax refund (if any), to
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the extent of the excess over the tax payable with reference to the book profits.
il
& Provision for unascertained liabilities.
a
& Contingent liabilities other than arrears of dividends of cumulative preference shares.
a
> FMV-2: E+F+G+H, where,
a
aa
E = Monetary consideration.
F = FMV of non-monetary consideration (assets for which Val. Rules prescribed).
G = Open market price of non-monetary assets for which Val. Rules not prescribed (Valuer report)
H = SDV of immovable property.
—
Ea
Sec 50C: Stamp Durty value shall be treated as FVOC
‘=
In case of immovable property held as capital asset, if SDV (assessed/assessable by stamp
valuation authority) is more than 110% of consideration such SDV shall be deemed to be FVOC.
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> Where assessee claims that SDV is more than FMV of the property & such SDV has not been a
disputed in any appeal then the A.O. may refer the valuation to valuation officer (VO). il
ry
a
Value ascertained by VO
ial
More ‘han SDV of Less than SDV of Stamp
“a
Stamp Valuation Authority Valuation Authority F
t
it
a
FVOC - SDV of Stamp Authority FVOC - Value ascertained
[Value of V.O ignored] by VO
t
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