Tax Glossary Definition
The specific date on which the fair market value (FMV) of assets or property is determined for taxation or reporting purposes. It ensures accurate computation of capital gains, wealth, or transfer pricing values.
Example: FMV of a property as on 1 April 2024 is considered for capital gains computation on its sale.
Discover why we're one of India's most trusted Pro Tax Filers, built on a foundation of accuracy and reliability.
We ensure maximum tax benefits.
Taxes? Handled by our CAs and experts.
Reliable, year-round tax support at no cost.
Satisfaction or your money back came twice.
Mobile App Available on: