Value = value recovered unless.
- Value of supply is less than market value then Value of supply = market value
- Tax credit on supply < tax credit that would have been available on normal supply then Value of supply = market value.
Two parties can be said to be related either for the purpose of forming tax group or if they are associated in economic, financial, and regulatory aspects
|RELATED PARTIES AS PER THE DECREE LAW|
|For the purpose of tax group||Associated in economic, financial, and regulatory aspects|
|In case of partnership||If each of them is a related party with a third person.|
For example: A is related to B and B is related to C
Then A shall be deemed related to C
Market value of interest = market value of the shares and options owned/ total market value of all shares of the legal person
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