Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Prescribed fair market value deemed full consideration for capital gains on non-quoted shares when below prescribed value - Section 72</h1> If consideration for transfer of a capital asset that is a non-quoted company share is less than the prescribed fair market value, that prescribed value shall be deemed to be the full value of consideration for computing capital gains under section 72. This deeming rule does not apply to transfers by prescribed classes of persons or under prescribed conditions. A 'quoted share' means a share regularly quoted on a recognised stock exchange based on current transactions in the ordinary course of business.
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