Sections of the Income Tax Act Requiring Valuation Reports: A Guide for Indian Businesses
In the Indian taxation landscape, valuation reports play a crucial role in ensuring compliance under the Income Tax Act, 1961. These reports, prepared by qualified professionals such as Registered Valuers and Merchant Bankers, provide an authoritative determination of the Fair Market Value (FMV) of shares, assets, or business undertakings. Accurate valuation is crucial for preventing […]