The Central Board of Direct Taxes (CBDT) to bring a new Rule 8AB to the Income-tax Rules, 1962 to prescribe manner for computing amount attributed to capital asset transferred by the specified entity to the specified persons. To remove difficulties in complying with provisions of Sections 9B and 45(4), the CBDT has issued guidelines with prior approval of the Central Government.The Central Board of Direct Taxes (CBDT) to bring a new Rule 8AB to the Income-tax Rules, 1962 to prescribe manner for computing amount attributed to capital asset transferred by the specified entity to the specified persons. To remove difficulties in complying with provisions of Sections 9B and 45(4), the CBDT has issued guidelines with prior approval of the Central Government.taxmann.com Latest Statutory HappeningsRead More
