Expert Opinion – New Valuation norms by IT dept to tax foreign investments in unlisted firms
Our Partner Ketan Mukhija shares his expert views with ET Legalworld about New Valuation norms by IT dept to tax foreign investments in unlisted firms.
“It is relevant to note that tax on investment in startups has been exempted in terms of the proposed amendment that qualifies the prescribed norms and are recognized by the DPIIT. Specifically, these amendments are crucial to align and remove disparities between the different valuation methodologies for computing the fair market value of an unlisted company under the applicable exchange control and tax laws.”
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