Suggestions & feedback were invited from stakeholders & general public on the Draft Rule 11UA in May, 2023.
Taking into consideration suggestions received & detailed interactions with stakeholders, Rule 11UA for valuation of shares for purposes of section 56(2)(viib) of the Income-tax Act, 1961 has been modified vide Notification No. 81/2023 dated 25th September, 2023.
The notified Rule provides for expansion of valuation methodologies to include globally accepted methodology & provide a broad parity to resident and non-resident investors.
The said Notification is available at: https://incometaxindia.gov.in/communications/notification/notification-81-2023.pdf…
Details can be seen in the Press Release at: https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1961031
This is the official Tweet
Visit www.cagurujiclasses.com for practical courses
