Understanding Capital Gains Tax: Full Value of Consideration, Exclusions for Non-Residents, and Deemed Value Scenarios
The full value of consideration in capital gains tax refers to the total price received for a transferred asset without deductions. For non-resident assessees, gains from rupee appreciation on certain bonds are excluded from this calculation. In specific cases, the full value is determined on a deemed basis, such as market value at the time of gifting shares or fair market value when consideration is unascertainable. Various sections outline scenarios like asset conversion, partner contributions, and liquidation distributions, where market or recorded values are used. The adequacy of consideration and payment timing do not affect the full value determination.
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