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of <h1>New Income Tax Bill and Section 50CA Align to Prevent Undervaluation of Unquoted Shares for Fair Taxation.</h1> Clause 79 of the Income Tax Bill, 2025, and Section 50CA of the Income-tax Act, 1961, both focus on ensuring that capital gains from the transfer of unquoted shares are calculated based on their fair market value, preventing tax evasion through undervaluation. Clause 79 mandates that if the transaction value is less than the fair market value, the latter is deemed the consideration for tax purposes, with exemptions for certain entities. Section 50CA mirrors these provisions, providing consistency and flexibility in tax legislation. Both aim to align taxable amounts with economic realities while accommodating genuine cases through exemptions.
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