Section 50CA of Income Tax Act "Special 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 purposes of section 48, be deemed to be the full value of consideration received or accruing as a result of such transfer:
[Provided that the provisions of this section shall not
apply to any consideration received or accruing as a result
of transfer by such class of persons and subject to such
conditions as may be prescribed.]
Explanation.-For the purposes of this section, "quoted
share" means the share quoted on any recognised stock
exchange with regularity from time to time, where the
quotation of such share is based on current transaction made
in the ordinary course of business.
What is Capital gains? Section 45 of Income Tax Act 1961
What are the Transactions not regarded as transfer? Section 47 of Income Tax Act 1961
What is Withdrawal of exemption in certain cases? Section 47A of Income Tax Act 1961
What is Mode of computation? Section 48 of Income Tax Act 1961
What is Cost with reference to certain modes of acquisition? Section 49 of Income Tax Act 1961