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valuation for wealth tax

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(Querist)
21 July 2009 please tell me how to value urban plot , flats, agricltural land etc. in case of INDIVIDUAL ASSESSEE FOR WEALTH TAX .
PURCHASE COST ?
or
MARKET VALUE ?
IF MARKET VALUE THEN HOW?
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Abhishek Mohta

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Abhishek Mohta (Expert)
22 July 2009 Please refer Schedule III for the valuation of the wealths taxable in the hands of the assessee.

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