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of <h1>Rule 11UB: Guidelines for Valuing Foreign-Owned Assets, Including Indian Shares, Under Income Tax Rules 1962</h1> Rule 11UB of the Income Tax Rules, 1962, outlines the methodology for determining the fair market value of assets held by foreign companies or entities. It specifies the valuation process for various asset types, including shares of Indian companies, interests in partnerships, and other assets. For listed shares, the fair market value is based on stock exchange prices, while unlisted shares require valuation by a merchant banker or accountant. The rule also provides formulas for calculating the value of assets owned by foreign entities, considering market capitalization and liabilities, and addresses valuation of assets located in India.
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