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of <h1>Amendment to Section 50CA: New Exemptions on Valuation of Unquoted Shares for Capital Gains from April 2020 Onwards.</h1> Clause 19 of the Finance (No. 2) Bill, 2019 amends section 50CA of the Income-tax Act, which addresses the valuation of consideration for the transfer of unquoted shares. Previously, if the consideration for such a transfer was less than the fair market value, the fair market value was deemed the full value for capital gains computation. The amendment introduces a proviso exempting certain classes of persons and conditions from this requirement. This change is effective from April 1, 2020, and applies to the assessment year 2020-2021 and subsequent years.
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