TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Rule 40D Defines Valuation of Specified Securities for Fringe Benefit Tax Under Section 115WC(1)(ba)</h1> Rule 40D of the Income-tax Rules, 1962, addresses the valuation of specified securities, excluding equity shares, for fringe benefit tax purposes under section 115WC(1)(ba). The fair market value of such securities, on the date the option vests with the employee, must be determined by a merchant banker on a specified date. The terms 'merchant banker' and 'specified date' are defined in sub-rule (4) of rule 40C. This rule was introduced by Notification No. 11/2008, effective from April 1, 2008.
TaxTMI 
TaxTMI 
