Tag Archives: Section 50CA

Transfer of unquoted shares – double taxation for seller and buyer -Budget 2017-18 Suggestion

By | March 1, 2017
0 Comment

Suggestions on Clause 26 and 29 of Finance Bill 2017 – Section 50CA and section 56(2)(x)(c)- Fair Market Value to be full value of consideration in case of transfer of unquoted shares –Amendment required in view of double taxation in the hands of seller as well as buyer The Finance Bill 2017 proposes to insert new… Read More »

Unquoted shares taxable at fair market value w.e.f AY 2018-19 -Section 50CA

By | February 10, 2017
0 Comment

Fair Market Value to be full value of consideration in certain cases Under the existing provisions of the Income tax Act, income chargeable under the head “Capital gains” is computed by taking into account  the amount of full value of consideration received or accrued on transfer of a capital asset. In order to ensure that… Read More »