Determination of fair market value of unquoted equity shares of Start Up companies u/s 56(2)(viib)-CBDT Instruction
February 6, 2018
CBDT, Income Tax
Determination of fair market value of unquoted equity shares of ‘Start Up’ companies under section 56(2)(viib) of the Income-tax Act read with Rule 11UA(2) of Income-tax Rules-CBDT Instruction Section 56(2)(viib) of the Income-tax Act, 1961 (Act) provides that where a closely held company issues its shares at a …