To calculate Fair Market Value, you should first know that there is no set formula. It is subject to buyers and sellers in the market and the current market conditions. One of the main considerations is CII or Cost Inflation Index. You can find CII released by the Income Tax Department of India on their official website.
Here is the link: https://incometaxindia.gov.in/charts%20%20tables/cost-inflation-index.htm
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What is the fair market value as of 1st April 2001?
Jainendra Kumar
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2023-07-18T11:31:39+00:00 2025-02-12T22:37:11+00:00Comment
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