March 19, 2018

Rule – 11UB, Fair market value of assets in certain cases

11UB. (1) The fair market value of asset, tangible or intangible, as on the specified date, held directly or indirectly by a company or an entity registered or incorporated outside […]
March 16, 2018

Rule – 11UAA, Determination of Fair Market Value for share other than quoted share

11UAA. For the purposes of section 50CA, the fair market value of the share of a company other than a quoted share, shall be determined in the manner provided in […]
March 16, 2018

Rule – 11UA, Determination of fair market value

11UA. 7[(1)] For the purposes of section 56 of the Act, the fair market value of a property, other than immovable property, shall be determined in the following manner, namely,— (a) valuation […]
March 16, 2018

Rule – 11U, Meaning of expressions used in determination of fair market value

11U. For the purposes of this rule and rule 11UA,— 4[(a) “accountant”,— (i) for the purposes of sub-rule (2) of rule 11UA, means a fellow of the Institute of Chartered […]
March 16, 2018

Rule – 11T, Form of report of an accountant under clause (ii) of section 115VW

11T. The report of audit of accounts of a qualified company which is required to be furnished under clause (ii) of section 115VW shall be in Form No. 66. Reference: www.incometaxindia.gov.in
March 16, 2018

Rule – 11S, Computation of average of net tonnage for charter-in of tonnage

11S. The limit for charter-in of tonnage of the qualifying ships referred to in section 115VV (to be worked out according to the illustration explained in Note 6 appearing after the […]
March 16, 2018

Rule – 11R, Incidental activities for purposes of relevant shipping income

11R. The incidental activities (details given in Note 5 appearing after the corresponding Form No. 66) referred to in sub-section (5) of section 115V-I shall be the following, namely :— […]
March 16, 2018

Rule – 11Q, Computation of deemed tonnage

11Q. (1) For the purpose of the Explanation to sub-section (4) of section 115VG, deemed tonnage in respect of an arrangement of purchase of slots and slot charter shall be […]
March 16, 2018

Rule – 11P, Application for exercising or renewing the option for tonnage tax scheme

11P. An application under sub-section (1) of section 115VP for exercising an option for the tonnage tax scheme or under sub-section (1) of section 115VR for renewing the option for the […]
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