AMENDMENT IN VALUATION FOR SHARE ISSUANCE
The Central Board of Direct Taxes (CBDT) has introduced a significant revision to Rule 11UA of the Income Tax Rules, 1962 pertaining to the valuation of shares during issuance with effect from 25th September, 2023. In this communication, we present an overview of the updated valuation methodology, which is of particular relevance to Chartered Accountants …
