https://www.taxtmi.com/manuals?id=1584 Deeming provisions for transfer of unquoted shares substitute fair market value for actual consideration where a capital asset being a share of a company other than a quoted share is transferred for less than prescribed FMV. The substituted FMV is treated as the full value of consideration for computing capital gains, and the rule applies only to shares held as capital assets; quoted shares are those regularly quoted on a recognised stock exchange in ordinary course. Fair market value of unquoted equity shares is determined under the prescribed formula based on asset value, liabilities, paid-up share capital, and proportional equity value. en-us Thu, 22 Jun 2017 13:04:00 +0530 Fri, 05 Jun 2026 11:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1584 Deeming provisions for transfer of unquoted shares substitute fair market value for actual consideration where a capital asset being a share of a company other than a quoted share is transferred for less than prescribed FMV. The substituted FMV is treated as the full value of consideration for computing capital gains, and the rule applies only to shares held as capital assets; quoted shares are those regularly quoted on a recognised stock exchange in ordinary course. Fair market value of unquoted equity shares is determined under the prescribed formula based on asset value, liabilities, paid-up share capital, and proportional equity value. Manuals Income Tax Thu, 22 Jun 2017 13:04:00 +0530 https://www.taxtmi.com/manuals?id=1584