CBDT PROPOSES CHANGE TO RULE 11UA & TO INCLUDE 5 MORE VALUATION METHODS

CBDT PROPOSES CHANGE TO RULE 11UA & TO INCLUDE 5 MORE VALUATION METHODS In the Finance Act, 2023, an amendment has been introduced to bring the consideration received from non-residents for issue of  shares within the ambit of section 56(2)(viib) of the Income-tax Act, 1961(the Act), which provides that if such  consideration for issue of […]

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