https://www.taxtmi.com/article/detailed?id=11808 Rule 11UA prescribes a formula to compute the fair market value of unquoted equity shares as (A+B+C+D - L) x (PV/PE), where A-D enumerate asset components (book value, jewellery/art works valuation, market value of shares/securities, stamp-duty value of immovable property), L lists excluded liabilities and tax adjustments, and PV/PE apportions the aggregate to per-share value; the substituted rule effective for assessment year 2018-19 cannot be retroactively applied to earlier years. en-us Sat, 02 Sep 2023 07:59:05 +0530 Sat, 02 Sep 2023 12:39:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11808 Rule 11UA prescribes a formula to compute the fair market value of unquoted equity shares as (A+B+C+D - L) x (PV/PE), where A-D enumerate asset components (book value, jewellery/art works valuation, market value of shares/securities, stamp-duty value of immovable property), L lists excluded liabilities and tax adjustments, and PV/PE apportions the aggregate to per-share value; the substituted rule effective for assessment year 2018-19 cannot be retroactively applied to earlier years. Articles Income Tax Sat, 02 Sep 2023 07:59:05 +0530 https://www.taxtmi.com/article/detailed?id=11808