https://www.taxtmi.com/article/detailed?id=6130 Indirect transfers of interests in foreign entities are taxable where such interests are deemed to derive their value substantially from assets located in India - measured by the fair market value of Indian assets exceeding a threshold and comprising at least half of global assets on the specified valuation date. Valuation dates, book-value adjustments triggering the date of transfer, proportional allocation of gains, rulemaking for valuation and proportionality, conditional exemptions for limited-holdings or lack of control, reporting obligations on Indian concerns, and carryover of cost and holding period in demergers are central operative provisions. en-us Tue, 03 Mar 2015 07:59:44 +0530 Tue, 03 Mar 2015 07:59:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6130 Indirect transfers of interests in foreign entities are taxable where such interests are deemed to derive their value substantially from assets located in India - measured by the fair market value of Indian assets exceeding a threshold and comprising at least half of global assets on the specified valuation date. Valuation dates, book-value adjustments triggering the date of transfer, proportional allocation of gains, rulemaking for valuation and proportionality, conditional exemptions for limited-holdings or lack of control, reporting obligations on Indian concerns, and carryover of cost and holding period in demergers are central operative provisions. Articles Budget - Tax Proposals Tue, 03 Mar 2015 07:59:44 +0530 https://www.taxtmi.com/article/detailed?id=6130