Section 50CA Special provision for full value of consideration for transfer of share other than quoted share.

SUBSCRIBE FOR FULL CONTENT


The Tax Publishers [1][50CA. Special provision for full value of consideration for transfer of share other than quoted share. Where the consideration received or accruing as a result of the transfer by an assessee of a capital asset, being share of a company other than a quoted share, is less than the fair market value of such share determined in such manner as may be prescribed[2], the value so determined shall, for the purposes of section 48, be deemed to be the full value of consideration received or accruing as a result of such transfer. SUBSCRIBE FOR FULL CONTENT

The Tax Publishers

[1][50CA. Special provision for full value of consideration for transfer of share other than quoted share.

Where the consideration received or accruing as a result of the transfer by an assessee of a capital asset, being share of a company other than a quoted share, is less than the fair market value of such share determined in such manner as may be prescribed[2], the value so determined shall, for the purposes of section 48, be deemed to be the full value of consideration received or accruing as a result of such transfer.