25 May 2016

Draft Indirect Transfer Rules

CBDT notifies draft rules for determination of Fair Market Value (FMV)  and reporting requirement for Indian concerns in respect of indirect transfer provisions u/s 9(1) ; Sec 9(1) states  'share or interest is said to derive its value substantially from assets located in India, if fair market value (FMV) of assets located in India comprise at  least 50% of the FMV of total assets of the company or entity'; Draft  rules introduce 11 areas of reporting by Indian company ; CBDT seeks comments on draft rules by May 29

No comments:

Post a Comment

What do you think about this? Please write your comment.

Empanel as Concurrent Auditors

BANK OF MAHARASHTRA invites online applications from practicing firms of Chartered Accountants, in the prescribed format, who are willing to...