Comments and suggestions sought from stakeholders and general public on draft rules and forms prepared for determination of fair market value of Indian and global assets and the manner for reporting requirement on the Indian concern in which the foreign company or entity holds the assets in India https://www.taxtmi.com/news?id=16207 Income from transfer of a foreign company or entity's share or interest is deemed to accrue in India where that interest derives its value substantially from assets located in India; valuation requires computing fair market value of Indian and global assets under prescribed rules, applying a threshold that Indian asset FMV comprises at least half of total asset FMV. Separately, the Indian concern through which the foreign entity holds assets must comply with prescribed reporting requirements; draft rules and forms have been published for public comment. en-us Mon, 23 May 2016 18:22:02 +0530 Sat, 11 Jun 2016 10:45:00 +0530 TaxTMI RSS Generator Comments and suggestions sought from stakeholders and general public on draft rules and forms prepared for determination of fair market value of Indian and global assets and the manner for reporting requirement on the Indian concern in which the foreign company or entity holds the assets in India https://www.taxtmi.com/news?id=16207 Income from transfer of a foreign company or entity's share or interest is deemed to accrue in India where that interest derives its value substantially from assets located in India; valuation requires computing fair market value of Indian and global assets under prescribed rules, applying a threshold that Indian asset FMV comprises at least half of total asset FMV. Separately, the Indian concern through which the foreign entity holds assets must comply with prescribed reporting requirements; draft rules and forms have been published for public comment. News - Mon, 23 May 2016 18:22:02 +0530 https://www.taxtmi.com/news?id=16207