Section 50CA of Income Tax Act

Section 50CA of the Income Tax Act, 1961

Introduction   Section 50CA of the Income Tax Act, 1961 is a provision introduced in the Finance Act, 2017. The main aim: to curb the practice of undervaluing shares in certain transactions. This section provides for the determination of the fair market value for the transfer of shares. The aim of this provision is to ensure … Read more

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