https://www.taxtmi.com/circulars?id=68103 The amendment brings consideration from non-residents within clause (viib) of section 56(2) and revises rule 11UA to allow assessees to elect valuation methods by source of consideration: residents-clauses (a), (b), (c) or (e); non-residents-clauses (a), (b), (c), (d) or (e). Clause (a) prescribes a balance-sheet based formula; clause (b) allows merchant banker Discounted Free Cash Flow valuations; clause (d) allows specified alternative merchant banker methods. Transitional and procedural provisions include a deemed valuation date for merchant banker reports within ninety days and a safe harbour deeming issue price as fair market value where it exceeds specified valuations by a limited margin. en-us Fri, 26 May 2023 00:00:00 +0530 Tue, 04 Feb 2025 18:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=68103 The amendment brings consideration from non-residents within clause (viib) of section 56(2) and revises rule 11UA to allow assessees to elect valuation methods by source of consideration: residents-clauses (a), (b), (c) or (e); non-residents-clauses (a), (b), (c), (d) or (e). Clause (a) prescribes a balance-sheet based formula; clause (b) allows merchant banker Discounted Free Cash Flow valuations; clause (d) allows specified alternative merchant banker methods. Transitional and procedural provisions include a deemed valuation date for merchant banker reports within ninety days and a safe harbour deeming issue price as fair market value where it exceeds specified valuations by a limited margin. Circulars Income Tax Fri, 26 May 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68103