Appropriate remedial action under Rule 1D of W.T.Rules.

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..... market value of unquoted equity shares of companies other than investment companies, and managing agency companies. In respect of cases where the companies have not paid dividend continuously for 6 years or more accounting years ending on or before the valuation date a discount of 25 per cent is allowed (Rule ID proviso). The scope of the proviso as well as Explanation to Rule ID has been also sta .....

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..... riate remedial action taken in all such cases immediately. 4. The contents of this letter may kindly be brought to the notice of all the W.T. Officers working in your charge and it should please be ensured that timely action is taken to rectify the errors. - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxma .....

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