Determination of Full Value of Consideration

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.... Section Situation Covered Deemed Full value of Consideration Section 67(1) Normal transfer of capital asset Actual consideration subject to sec. 72 and other deeming provisions Section 67(2) Insurance money/assets received for destruction of capital asset the value of any money or the fair market value of other assets on the date of such receipt shall be deemed to be the full value of the consideration received Section 67(5) Receipt under non-exempt ULIP any amount under a specified unit-linked insurance policy, including any bonus allocated on such policy Section 67(6) Conversion of capital asset into stock-in-trade the fair market value of the asset on the date of such con....

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....e full value of consideration received Section 80 Transfer of capital asset where consideration is not ascertainable or cannot be determined. its fair market value on the date of transfer shall be deemed to be the full value of consideration received   Under Income Tax Act, 1961 [ Upto 31.03.2026 ] The expression full value means the whole price without any deduction whatsoever. The consideration for the transfer of the capital asset is what the transferor receives in lieu of the asset he parts with, in money or any other mode Note: In case of non- resident assessee, any gains arising on account of appreciation of rupee against a foreign company at the time of redemption of rupee denominated bond of an....

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....the liquidation of the company Market value of the assets on the date of distribution minus amount assessed as deemed dividend uunder section 2(22)(e) Fourth proviso to section 48 Shares/ debentures allotted by an employer to an employee under notified Employees Stock Option Plan and such shares etc. are gifted by the concerned employee to any person Market value at the time of gift Section 50C Transfer of land and/or building Value declared by the assessee or Value as assessed by Stamp valuation authority whichever is HIGHER. Section 50CA Transfer of share other than quoted share Where consideration for transfer of unquoted shares is less than the Fair Market Value, the Fair Market Value (so determined ....