TMI BlogSection 50CA - Special provision for full value of consideration for transfer of share other than quoted shareX X X X Extracts X X X X X X X X Extracts X X X X ..... t, 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 purposes of section 48 , be deemed to be the full value of consideration received or accruing as a result of such transfer. Explanation .-For the purposes of this section, quoted share means the share quoted o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 11UAA ] For the purpose of section 50CA , the FMV of the share of a company other than quoted share shall be determined in the manner provided in sub-clause (b),(c) of rule 11UA(1)(c) and for this purpose the reference to valuation date in the rule 11U and rule 11UA shall mean the date on which the capital asset, being share of a company other than a quoted share, referred to in section 50CA , is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... egistered valuer; C = fair market value of shares and securities as determined in the manner provided in this rule; D = the value adopted or assessed or assessable by any authority of the Government for the purpose of payment of stamp duty in respect of the immovable property; L = book value of liabilities shown in the balance sheet, but not including the following amounts, namely:- (i) the paid-u ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... senting contingent liabilities other than arrears of dividends payable in respect of cumulative preference shares; PV = the paid up value of such equity shares; PE = total amount of paid up equity share capital as shown in the balance-sheet. - Manuals - Ready reckoner - Law and practice - Reference Guide - Quick Commentary Tax Management India - taxmanagementindia - taxmanagement - taxmanagemen ..... X X X X Extracts X X X X X X X X Extracts X X X X
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