Fair market value deemed full consideration when transfer consideration is indeterminate, guiding capital gains computation. Fair market value is deemed to be the full value of consideration for computing income under the head Capital gains where consideration from the transfer ... Summary
Fair market value deemed full consideration when transfer consideration is indeterminate, guiding capital gains computation.
Fair market value is deemed to be the full value of consideration for computing income under the head Capital gains where consideration from the transfer of a capital asset is not ascertainable or cannot be determined, with the fair market value on the date of transfer substituting as the full value of consideration.
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