<h1>India Seeks Feedback on New Valuation Rules for Unquoted Equity Shares u/ss 56 and 50CA of Income-tax Act.</h1> The Government of India seeks stakeholder feedback on draft rules for valuing unquoted equity shares under sections 56 and 50CA of the Income-tax Act, 1961. The Finance Act, 2017 expanded taxability on receipts of money or property without adequate consideration, using fair market value (FMV) for certain assets. For unquoted equity shares, the FMV will be used instead of book value for tax calculations. The proposed rule amendments aim to standardize valuation methods for unquoted shares, incorporating FMV for various assets. Stakeholders are invited to submit comments by May 19, 2017, via email.