Fair market value determination for offshore transfers guides apportionment of income to assets located in India and reporting obligations. Rule 11UB sets out methods for computing the fair market value of assets of a foreign company or entity, distinguishing listed shares, unlisted shares, partnership interests and other assets, and prescribing merchant banker or accountant valuation, market-capitalisation formulas and treatment of liabilities; Rule 11UC provides an apportionment formula to determine income attributable to assets located in India by multiplying transferred-income (computed as if located in India) by the ratio of India-located asset fair market value to total asset fair market value; Rule 114DB requires Indian concerns to electronically furnish detailed information and supporting documents in Form 49D and retain records for eight years.