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Income Tax - Highlights / Catch Notes

Home Highlights January 2020 Year 2020 This

Valuation of shares invoking Rule 11UA - in case the balance ...


Shares Valuation: Use Latest AGM-Approved Balance Sheet if No New One Available on Allotment Date (Rule 11UA.

January 28, 2020

Case Laws     Income Tax     AT

Valuation of shares invoking Rule 11UA - in case the balance sheet was not drawn up on the date of allotment, the previous balance sheet which was approved in the AGM has to be considered for valuation of FMV of the shares.

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