Valuation Date - Definition - Law Dictionary Home Dictionary Definition valuation-date

Definition :

Valuation date, in relation to any year for which an assessment is to be made under this Act, means the last day of the previous year as defined in s. 3 of the Income-tax Act if an assessment were to be made under that Act for that year. [Wealth-tax Act, 1957 (27 of 1957), s. 2 (q)]