<h1>CBDT Proposes Changes to Income-tax Rules for Valuing Unquoted Shares u/ss 56 & 50CA, Effective April 2018.</h1> The Central Board of Direct Taxes has proposed amendments to the Income-tax Rules, 1962, concerning the valuation of unquoted equity shares under sections 56 and 50CA of the Income-tax Act, 1961. Effective from April 1, 2018, these rules will apply to the assessment year 2018-19 onwards. The fair market value of unquoted equity shares will be calculated using a specific formula that considers the book value of assets, market value of jewelry and artistic work, fair market value of shares and securities, and government-assessed value for stamp duty purposes, minus certain liabilities.