The Indian Central Board of Direct Taxes May 19 announced a proposal to modify income tax rules, for calculating the value of shares issued to nonresidents. The proposal includes measures to: 1) include five new valuation methods for nonresident investments, in addition to the Discounted Cash Flow (DCF), and Net Asset Value (NAV) methods; 2) clarify the determination of fair market value (FMV) for resident and nonresident investments, including acceptance of a Merchant Bankers' valuation report completed not more than 90 days before the issue date of the shares; 4) allow a safe harbor of 10 percent for variations in .

https://news.bloombergtax.com/daily-tax-report-international/india-tax-agency-announces-proposal-to-modify-income-tax-rules-on-nonresident-investments-in-shares

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