Valuation of unquoted shares

Hi,

Could you please tell me why tax paid less refund claimed is reduced from book value of assets for computing value of unquoted equity shares under Rule 11UA.
Replies (1)

Summary: The reduction of "tax paid less refund claimed" from the book value of assets is a standard adjustment under Rule 11UA to ensure the Net Asset Value (NAV) represents the company's true operational asset base. By removing these tax-related "receivables" from the asset side, the formula prevents the overvaluation of equity shares by excluding amounts that are essentially claims against the government rather than core business resources.

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