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How to determine fair market value

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(Querist)
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.
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chetan soni

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chetan soni (Expert)
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.

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