Draft rules relating to valuation of unquoted equity share for the purposes of section 56 and section 50CA of the Income-tax Act, 1961

Draft rules relating to valuation of unquoted equity share for the purposes of section 56 and section 50CA of the Income-tax Act, 1961 https://www.taxtmi.com/news?id=17979 The fair market value of unquoted equity shares is prescribed as (A+B+C+D - L) x (PV)/(PE), with A being adjusted book value of assets (excluding jewellery, artistic work, shares, securities and immovable property and reduced for certain tax and non-asset items), B the open-market value of jewellery and artistic works per a registered valuer, C the fair market value of shares and securities determined under the rule, D the stamp-duty value of immovable property, L specified book liabilities with enumerated exclusions, PE total paid-up equity capital and PV the paid-up value of the shares. en-us Fri, 05 May 2017 16:52:35 +0530 Fri, 05 May 2017 16:52:35 +0530 TaxTMI RSS Generator Draft rules relating to valuation of unquoted equity share for the purposes of section 56 and section 50CA of the Income-tax Act, 1961 https://www.taxtmi.com/news?id=17979 The fair market value of unquoted equity shares is prescribed as (A+B+C+D - L) x (PV)/(PE), with A being adjusted book value of assets (excluding jewellery, artistic work, shares, securities and immovable property and reduced for certain tax and non-asset items), B the open-market value of jewellery and artistic works per a registered valuer, C the fair market value of shares and securities determined under the rule, D the stamp-duty value of immovable property, L specified book liabilities with enumerated exclusions, PE total paid-up equity capital and PV the paid-up value of the shares. News - Fri, 05 May 2017 16:52:35 +0530 https://www.taxtmi.com/news?id=17979