https://www.taxtmi.com/notifications?id=6443 Rule 40D prescribes that for the purposes of clause (ba) of sub-section (1) of section 115WC the fair market value of any specified security not being an equity share, on the date the option vests with the employee, shall be the value determined by a merchant banker on the specified date, with 'merchant banker' and 'specified date' having the meanings assigned in sub-rule (4) of rule 40C. Rule 40C's definition of equity share is omitted. en-us Fri, 18 Jan 2008 00:00:00 +0530 Fri, 18 Jul 2008 16:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=6443 Rule 40D prescribes that for the purposes of clause (ba) of sub-section (1) of section 115WC the fair market value of any specified security not being an equity share, on the date the option vests with the employee, shall be the value determined by a merchant banker on the specified date, with 'merchant banker' and 'specified date' having the meanings assigned in sub-rule (4) of rule 40C. Rule 40C's definition of equity share is omitted. Notifications Income Tax Fri, 18 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/notifications?id=6443