Rule 40D: Valuation of specified security not being an equity share in the company

The Income-tax Rules, 1962Central Act · 1962

Valuation of specified security not being an equity share in the company.

For the purposes of clause (ba) of sub-section (1) of section 115WC, the fair market value of any specified security, not being an equity share in a company, on the date on which the option vests with the employee, shall be such value as determined by a merchant banker on the specified date.

Explanation.—For the purposes of this rule, "merchant banker" and "specified date" shall have the meanings assigned to them in clause (b) and clause (e) respectively of sub-rule (4) of rule 40C.

Where this provision sits

Act	The Income-tax Rules, 1962
Rule	40D
Marginal note	Valuation of specified security not being an equity share in the company
Jurisdiction	Central
Status	In force as published by the source

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