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
A resident individual sells a building in January 2026 that was acquired in 2010. While coAn asset bought in June 2004 for Rs 50,000 was converted into stock-in-trade in November 2A residential plot bought in 1995 for Rs 30,000 had a fair market value of Rs 1,40,000 andA non-resident individual (aged 45) has agricultural income from rural land of Nil taxableNet sale consideration on transfer of a long-term plot of land is Rs 9 crore, yielding capAn individual earned long-term capital gains of Rs 12 crore on selling a residential houseIn a slump sale of an undertaking owned and held for 5 years, which statement is correct?Mr. X bought 300 listed equity shares at Rs 400 each in 2016 (STT paid). Their highest quo