Section 50CA. Special provision for full value of consideration for transfer of share other than quoted share

5[ 50CA. Special provision for full value of consideration for transfer of share other than quoted share.— (1) 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. 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.] 6 [50D. Fair market value deemed to be full value of consideration in certain cases. —Where the consideration received or accruing as a result of the transfer of a capital asset by an assessee is not ascertainable or cannot be determined, then, for the purpose of computing income chargeable to tax as capital gains, the fair market value of the said asset on the date of transfer shall be deemed to be the full value of the consideration received or accruing as a result of such transfer.] 1. Ins. by Act 13 of 2018, s. 20 (w.e.f. 1-4-2019). 2. Subs. by Act 33 of 2009, s. 25, for "or assessed" (w.e.f. 1-10-2009).