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<h1>Income-tax 20th Amendment Rules 2017: New Method for Valuing Unquoted Shares u/r 11UA & Rule 11UAA.</h1> The Income-tax (20th Amendment) Rules, 2017, effective from April 1, 2018, pertain to the determination of the fair market value of unquoted equity shares under the Income-tax Act, 1961. The amendment modifies Rule 11UA of the Income-tax Rules, 1962, detailing the formula for calculating the fair market value of unquoted equity shares by considering various financial components like assets, liabilities, and paid-up capital. Additionally, Rule 11UAA is introduced to specify the fair market value determination for shares other than quoted shares, referencing the valuation date related to the transfer of such assets under section 50CA.