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[Cites 0, Cited by 0] [Section 11UB(6)] [Section 11UB] [Entire Act]

Union of India - Subsection

Section 11UB(6)(i) in Income Tax Rules, 1962

(i)where the transfer of share of, or interest in, the foreign company or entity is between the persons who are not connected persons, the fair market value of all the assets owned by the foreign company or the entity as on the specified date, for the purpose of such transfer, shall be determined in accordance with the following formula, namely:-