https://www.taxtmi.com/forum/issue?id=115878 The valuation rule for unlisted shares introduced by section 50CA operates as a special provision requiring valuation for unlisted share transfers and, as framed in the Finance Bill memorandum, does not expressly exempt transactions covered by the gift exemption under section 56(2)(x); the primary issue is whether tax-administration circulars or guidance have been issued to protect transactions otherwise exempt under the gift and capital-gains exemption framework. en-us Fri, 10 Jan 2020 13:33:03 +0530 Thu, 23 Jan 2025 15:54:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115878 The valuation rule for unlisted shares introduced by section 50CA operates as a special provision requiring valuation for unlisted share transfers and, as framed in the Finance Bill memorandum, does not expressly exempt transactions covered by the gift exemption under section 56(2)(x); the primary issue is whether tax-administration circulars or guidance have been issued to protect transactions otherwise exempt under the gift and capital-gains exemption framework. Discussion-Forum Income Tax Fri, 10 Jan 2020 13:33:03 +0530 https://www.taxtmi.com/forum/issue?id=115878