Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Asset valuation framework for specified persons under tax exemption rules, covering shares, property, business undertakings, and liabilities. Determines the method for valuing the assets and liabilities of a specified person for the purposes of sub-section (2) of section 115TD. The rule requires the aggregate fair market value of total assets to be taken from the balance sheet and reduced by specified income-tax-related items and amounts shown as assets that do not represent real asset value, including unamortised deferred expenditure. It also prescribes valuation methods for quoted shares, unquoted equity shares, immovable property, business undertakings, and other assets, using market quotations, prescribed formulas, valuation reports, stamp duty value, or registered or qualified valuers.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Asset valuation framework for specified persons under tax exemption rules, covering shares, property, business undertakings, and liabilities.
Determines the method for valuing the assets and liabilities of a specified person for the purposes of sub-section (2) of section 115TD. The rule requires the aggregate fair market value of total assets to be taken from the balance sheet and reduced by specified income-tax-related items and amounts shown as assets that do not represent real asset value, including unamortised deferred expenditure. It also prescribes valuation methods for quoted shares, unquoted equity shares, immovable property, business undertakings, and other assets, using market quotations, prescribed formulas, valuation reports, stamp duty value, or registered or qualified valuers.
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