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Daily Archives: July 20, 2017
Final Rules prescribing method of valuation of unquoted shares
CBDT has notified amended Rule 11UA prescribing method of valuation of fair market value (‘FMV’) of unquoted equity shares for the purpose of section 56(2)(x) . Section 56(2)(x) provides that where any person received any property without consideration or for … Continue reading
Posted in Direct Tax