Special provision for determining full value of consideration for transfer of share other than quoted share :
| CLAUSE(S) OF FINANCE BILL, 2017 |
PARTICUL ARS OF AMENDME NTS | SECTION | AMENDMENT / NEWLY INSERTED |
APPLICABLE W.E.F. |
BRIEF OF AMENDMENT |
| 26 | Special provision for determining full value of consideration for transfer of share other than quoted share. |
Sec 50CA | Newly Inserted | 01.04.18 | Where consideration for transfer of share of a company (other than quoted share) is less than the Fair Market Value (FMV) of such share determined in accordance with the prescribed manner.
FMV shall be deemed to be the full value of consideration for the purposes of computing income under the head “Capital gains”. |