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of <h1>Rule 40BB Details Share Issuance Valuation for Buy-Backs Under Section 115QA: FMV, Book Value, FIFO Methods Explained.</h1> Rule 40BB of the Income Tax Rules, 1962, outlines the determination of the amount received by a company for the issue of shares, particularly in the context of share buy-backs under section 115QA. It specifies various scenarios, including subscription, return of capital, employee stock options, amalgamations, demergers, asset acquisitions, and conversions. The rule provides formulas to calculate the amount received based on the nature of the share issuance, such as fair market value or book value adjustments. It also addresses shares issued without consideration and those held in dematerialized form, applying the first-in-first-out method for valuation.
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