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of <h1>Income from Share Transfers Tied to Indian Assets Calculated Using A x B/C Formula; Report Required with Income Return</h1> Income from the transfer of shares or interests in a company or entity, attributable to assets in India, is determined using a specific formula: A x B/C. Here, A represents the income from the transfer as if located in India, B denotes the fair market value of Indian assets, and C is the fair market value of all assets. If the transferor fails to provide necessary information, the Assessing Officer will determine the income. Additionally, transferors must submit a report in Form No.3CT with their income return, verified by an accountant, certifying correct computation of income related to Indian assets.
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