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 Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>New Rule 17CB Details Asset Valuation for Trusts u/s 115TD of Income-tax Act.</h1> The Income-tax (8th Amendment) Rules, 2017, effective from June 1, 2016, amend the Income-tax Rules, 1962, by introducing Rule 17CB. This rule outlines the method for valuing the aggregate fair market value of a trust or institution's total assets under section 115TD of the Income-tax Act, 1961. It includes detailed procedures for valuing quoted and unquoted shares, securities, immovable properties, and other assets. The rule also specifies the calculation of liabilities, excluding certain reserves and provisions. Definitions for terms like 'accountant,' 'merchant banker,' and 'registered valuer' are provided to ensure clarity in valuation processes.
TaxTMI 
TaxTMI 
