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of <h1>Section 50CA: Fair Market Value Deemed Full Value for Unquoted Share Transfers Below Market Value for Tax Purposes</h1> Section 50CA, introduced by the Finance Act, 2017, effective April 1, 2018, addresses the valuation of consideration for the transfer of unquoted shares. If the consideration received by an assessee for transferring such shares is less than their fair market value, the prescribed fair market value will be deemed the full value of consideration for tax purposes under section 48 of the Income-tax Act. A 'quoted share' is defined as a share regularly quoted on a recognized stock exchange, with prices based on ordinary business transactions.
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