In India , when a politician declares his/her assets for the nomination , does he/she declares the purchase value or the market price at current time ?
Asked on 3/29/14, 3:51 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
29.03.2014
Dear Sir / Madam,
Value of assets to the Election Commissioner for election purposes are declared at purchase value or prevailing market value whichever is higher.
Regards,
Answered on 3/29/14, 5:25 am
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