Insertion of new section 50CA. - Special provision for full value of consideration for transfer of share other than quoted share.

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..... l provision for full value of consideration for transfer of share other than quoted share. 50CA. 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, the value so determined shall, for the .....

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..... ideration for the purpose of computing income chargeable to tax as capital gains. It is also proposed to define the term quoted share . This amendment will take effect from 1st April, 2018 and will, accordingly, apply in relation to the assessment year 2018-2019 and subsequent years. - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Manag .....

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