https://www.taxtmi.com/acts?id=21748 Income from the offshore transfer of a share or interest in a company or entity covered by section 9(1)(i) is apportioned to assets located in India by applying the prescribed formula, namely A x B/C. A is the transfer income computed under the Act as if the share or interest were located in India, while B and C represent the fair market value of Indian assets and all assets respectively, both determined under rule 11UB. If the required information is not furnished, the Assessing Officer may determine the income in a suitable manner. en-us Fri, 01 Jul 2016 13:02:47 +0530 Tue, 19 May 2026 13:15:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=21748 Income from the offshore transfer of a share or interest in a company or entity covered by section 9(1)(i) is apportioned to assets located in India by applying the prescribed formula, namely A x B/C. A is the transfer income computed under the Act as if the share or interest were located in India, while B and C represent the fair market value of Indian assets and all assets respectively, both determined under rule 11UB. If the required information is not furnished, the Assessing Officer may determine the income in a suitable manner. Act-Rules Income Tax Fri, 01 Jul 2016 13:02:47 +0530 https://www.taxtmi.com/acts?id=21748