1(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.
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1. Ins. by Act 7 of 2017, s. 26 (w.e.f. 1-4-2018).
Section 50A Special provision for cost of acquisition in case of depreciable asset
Section 50B Special provision for computation of capital gains in case of slump sale
Section 50C Special provision for full value of consideration in certain cases
Section 50D Fair market value deemed to be full value of consideration in certain cases
Section 51 Advance money received
Section 54 Profit on sale of property used for residence
Section 54E Capital gain on transfer of capital assets not to be charged in certain cases