Determination of Income attributable to assets in India

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..... ction (1) of section 9, attributable to assets located in India,shall be determined in accordance with the following formula, namely: A x B/C Where; A = Income from the transfer of the share of, or interest in,the company or the entity computed in accordance with the provisions of the Act, as if, such share or interest is located in India; B = Fair Market Value of assets located in I .....

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..... a, shall obtain and furnish along with the return of income a report in Form No.3CT duly signed and verified by an accountant providing the basis of the apportionment in accordance with the formula and certifying that the income attributable to assets located in India has been correctly computed.] ------------------------------ Notes:- 1. Inserted vide Not. 55/2016 - Dated 28-6 .....

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