CBDT Notifies Final Rules Relating To Manner Of Determination Of Fair Market Value And Reporting Requirement For Indian Concerns Under Indirect Transfers Provisions Of S. 9(1) of the Income-tax Act, 1961

The CBDT has issued Notification No. 55/2016 dated 28th June 2016 by which it has notified Rules 11UB and 11UC which set out the manner of determination of fair market value and reporting requirement for Indian concerns under the Indirect transfer provisions in section 9(1) of the Income-tax Act, 1961.