Income-tax (9th Amendment), Rules, 2018.

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..... hereinafter referred to as the Income-tax Act, the Central Government hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:- 1. (1) These rules may be called the Income-tax (9th Amendment), Rules, 2018. (2) They shall come into force from the 1st day of April, 2019 and shall apply in relation to assessment year 2019-20 and subsequent years. 2. In the Income-tax .....

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..... ted;"; (b) after rule 11UAA, the following rule shall be inserted, namely:- "11UAB. Determination of fair market value for inventory.-(1) For the purposes of clause (via) of section 28 of the Act, the fair market value of the inventory,- (i) being an immovable property, being land or building or both, shall be the value adopted or assessed or assessable by any authority of the Central Governmen .....

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