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Full value of Consideration

Income Tax - Capital Gains - 07 - NOTE 1: The expression full value means the whole price without any deduction whatsoever. The consideration for the transfer of the capital asset is what the transferor receives in lieu of the asset he parts with, namely, money or money s worth. CASES WHEN IS DETERMINED ON NOTIONAL BASIS: Section Situations The amount which is taken as Fourth proviso to section 48 Shares/ debentures allotted by an employer to an employee under notified Employees Stock Option Pla .....

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e fair market value of the asset (on the date of receipt) 45(2) Conversion of capital asset into stock in trade Fair market value of the capital asset on the date of conversion 45(3) Transfer of capital asset by a partner/ member to the firm/ AOP/ BOI as his capital contribution Amount recorded in the books of account of the firm/ AOP/ BOI as the value of the capital asset 45(4) Transfer of capital asset by a firm/ AOP/ BOI to its partners/ members on its dissolution Fair market value of such as .....

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