Rule 11UAA Of I.T. Rules 1962: Determination Of FMV For Share Other Than Quoted Share

Taxation Laws (Country: India)

Rule 11UAA of the Income Tax Rules, 1962: Determination of Fair Market Value for share other than quoted share
(Chapter: II, Part H. - Determination of fair market value of the property other than immovable property)

For the purposes of section 50CA, the fair market value of the share of a company other than a quoted share, shall be determined in the manner provided in sub-clause (b) or sub-clause(c),as the case may be, of clause (c) of sub-rule (1) of rule 11UA and for this purpose the reference to valuation date in the rule 11U and rule 11UA shall mean the date on which the capital asset, being share of a company other than a quoted share, referred to in section 50CA, is transferred.

Extra Notes for Readers

(1) Rule 11UAA was introduced by the Income-tax (20th Amendment) Rules, 2017 - CBDT Notification G.S.R. 865(E) dated 12th July, 2017 - w.e.f. the 1st day of April, 2018 and shall apply in relation to assessment year 2018-19 and subsequent years.

Check at Income Tax Dept. official site for latest version of the Rule.

This page was created/last updated on 20th July 2017.