Section 50CA applies to:
ALand
BTransfer of listed shares (per relevant Section)
CTransfer of unquoted shares below FMV (per relevant Section)
DAll shares
Answer & Solution
Correct answer: C. Transfer of unquoted shares below FMV (per relevant Section)
1. Section 50CA (FA 2017): if consideration for unquoted shares < FMV (Rule 11UAA), FMV deemed full value.
2. Anti-avoidance against undervalued private share transfers.
3. Buyer side mirrored by Section 56(2)(x) taxing receipt difference.
_Source: ICAI BoS CA Final Paper 7, Ch 4 "Capital Gains"_
Related questions
'Equity-oriented fund' for Sections 111A/112A requires equity in domestic listed companiesCII for FY 2024-25 (AY 2025-26) is:Section 54B exemption requires:Capital gain on self-generated goodwill is:Market-linked debentures (MLDs) under Section 50AA are taxed at:Reference to Valuation Officer by AO under Section:Conversion of capital asset to stock-in-trade — capital gain:Section 54F exempts LTCG on: