S. Jaykishan

Chartered Accountants

CBDT releases final rule for computation of FMV of inventory converted into capital asset

CBDT unveils final rule for computation of FMV of inventory converted into capital asset

(Date: 1/09/2018)

The Central Board of Direct Taxes has released final Rule 11UAB prescribing the manner of determination of fair market value of the inventory converted into capital asset. The draft rule was released on May 03, 2018 which was placed before the stakeholders for comments/suggestions.

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