Difference between mv & fmv
CA SOHAM SHUKLA (Nil) (157 Points)
09 July 2014
What is the difference between Market value and Fair Market Value of an asset?
1 Replies
RAMGOPAL VERMA
(Self Occupation)
(26 Points)
Replied 09 July 2014
Market Value mean, a meterial can be sold @ negotiable price (less or more) to the tune in a range of used or new status of meterial, whereas;
Fair market value mean, to the "Standard' lable and not negotiable.
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