https://www.taxtmi.com/acts?id=19571 Shares or interests in an offshore entity will be treated as deriving substantial value from India where India-located assets exceed a threshold and constitute at least half of total assets; asset value is fair market value on the specified date. A specified date links to the accounting period end or the transfer date if book value rises materially. Transfers by non-residents are excluded where, in the prior twelve months, the transferor (alone or with associated enterprises) lacked management or control and did not hold more than five percent voting power or interest; if assets are not all in India, taxable income is apportioned to India-located assets. Associated enterprise uses transfer-pricing definition. en-us Thu, 07 May 2015 12:41:43 +0530 Mon, 08 May 2017 11:33:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19571 Shares or interests in an offshore entity will be treated as deriving substantial value from India where India-located assets exceed a threshold and constitute at least half of total assets; asset value is fair market value on the specified date. A specified date links to the accounting period end or the transfer date if book value rises materially. Transfers by non-residents are excluded where, in the prior twelve months, the transferor (alone or with associated enterprises) lacked management or control and did not hold more than five percent voting power or interest; if assets are not all in India, taxable income is apportioned to India-located assets. Associated enterprise uses transfer-pricing definition. Act-Rules F. Acts / Amendment Acts Thu, 07 May 2015 12:41:43 +0530 https://www.taxtmi.com/acts?id=19571