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    <title>Government Notifies Rules regarding Fair market value and reporting requirement for Indian concern - Indirect transfer provisions - section 9(1) of the Income-tax Act, 1961</title>
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    <description>Deeming provisions treat income from transfer of shares or interests in a foreign entity as accruing in India where value derives substantially from Indian assets; the notified rules prescribe the manner of computing fair market value of the entity&#039;s Indian and global assets, set a framework for determining income attributable to assets situated in India, and specify the information and documents the Indian concern must maintain and furnish to enable assessment and verification of such attributable income.</description>
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