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of <h1>Clause 80 and Section 50D: Ensuring Fair Market Value in Capital Asset Valuation for Accurate Taxation</h1> Clause 80 of the Income Tax Bill, 2025, and Section 50D of the Income-tax Act, 1961, address the valuation of capital assets when actual consideration is unascertainable. Both provisions mandate using the fair market value (FMV) as the full value of consideration for tax purposes, ensuring capital gains reflect true economic value and preventing tax evasion. While both aim for consistency in tax assessments, practical challenges in determining FMV, especially for unique assets, may lead to disputes. Clause 80 updates the framework to reflect current economic conditions, aligning with international best practices.
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