Valuation of share transfer

Gaurang (Querist) 25 January 2011 This query is : Open
we have transfered the equity share to Individual (non relative)of pvt. ltd. company in the month of oct'10, now query is that how to value the share as per IT act becuse in 2009 budget there is amend the section 56 i.e value of share on the basis of book value. so we have to vlue this share on the book value and any other way?

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