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of <h1>New Tax Rule: Section 50CA Sets Fair Market Value for Unquoted Shares to Determine Capital Gains Tax.</h1> Section 50CA of the Income-tax Act, effective from April 1, 2018, introduces a special provision for determining the full value of consideration for the transfer of unquoted shares. If the consideration for transferring such shares is less than their fair market value, the fair market value, as prescribed, will be considered the full value for computing capital gains tax. This provision does not apply to quoted shares, which are defined as shares regularly quoted on recognized stock exchanges based on current transactions in the ordinary course of business. This amendment applies to the assessment year 2018-2019 and onwards.
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