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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>New Section 50CA in Income-tax Act: Fair Market Value Required for Unlisted Share Transfers from April 1, 2018.</h1> A new section, 50CA, is introduced in the Income-tax Act through the Finance Bill, 2017, effective from April 1, 2018, applicable to the assessment year 2018-2019 onwards. This section establishes that for the transfer of shares not listed on a stock exchange, the fair market value, determined by prescribed methods, will be considered the full value of consideration for calculating capital gains tax. The amendment also includes a definition for 'quoted share,' distinguishing between listed and unlisted shares for tax purposes.
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