https://www.taxtmi.com/forum/issue?id=108091 Proposed amendments treat a foreign company's share or interest as substantially deriving value from Indian assets if, on the specified date, Indian assets exceed a monetary threshold and constitute at least fifty percent of total assets; fair market value is without reduction for liabilities. The specified date is normally the accounting period end preceding transfer, except where book value increases materially, in which case the transfer date applies. Rules will prescribe valuation and proportionality methods. Exemptions apply for transferors lacking control, management rights, or specified minority voting/share thresholds. Reporting obligations on the Indian concern and penalties for failures are prescribed. en-us Sat, 28 Feb 2015 18:55:14 +0530 Thu, 23 Jan 2025 15:57:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108091 Proposed amendments treat a foreign company's share or interest as substantially deriving value from Indian assets if, on the specified date, Indian assets exceed a monetary threshold and constitute at least fifty percent of total assets; fair market value is without reduction for liabilities. The specified date is normally the accounting period end preceding transfer, except where book value increases materially, in which case the transfer date applies. Rules will prescribe valuation and proportionality methods. Exemptions apply for transferors lacking control, management rights, or specified minority voting/share thresholds. Reporting obligations on the Indian concern and penalties for failures are prescribed. Discussion-Forum Income Tax Sat, 28 Feb 2015 18:55:14 +0530 https://www.taxtmi.com/forum/issue?id=108091