The Central Board of Direct Taxes ( CBDT ) has notified the rules relating to the determination of Fair Market Value of inventories converted into capital assets under the Income Tax Act, 2018. The Finance Act, 2018 has inserted clause (via) to Section 28 of the Income Tax Act, 1961 so as to provide that […]
The post CBDT Notifies Rules for Computing Fair Market Value of Inventories converted to Capital Asset [Read Notification] appeared first on Taxscan | Simplifying Tax Laws.
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