<h1>CBDT Seeks Public Feedback on Draft Notification for Rule 11UAB on Fair Market Value of Inventory Conversion.</h1> The Central Board of Direct Taxes (CBDT) is seeking public input on a draft notification regarding the new Rule 11UAB of the Income-tax Rules, 1962. This follows the Finance Act, 2018, which added a clause to the Income-tax Act, 1961, taxing profits from converting inventory into capital assets as business income. The rule will outline how to determine the fair market value of such inventory. The draft notification is available online, and stakeholders are invited to submit feedback by May 14, 2018, via email.