Mera Samvidhaan All of Income-tax Act, 1961

Chapter IV · COMPUTATION OF TOTAL INCOME Heads of income

50DFair market value deemed to be full value of consideration in certain cases.

Section 50D · Chapter IV · E.—Capital gains · page 210 of the Act

Where the consideration received or accruing as a result of the transfer of a capital asset by an assessee is not ascertainable or cannot be determined, then, for the purpose of computing income chargeable to tax as capital gains, the fair market value of the said asset on the date of transfer shall be deemed to be the full value of the consideration received or accruing as a result of such transfer.

Section 50D of The Income-tax Act, 1961 is reproduced in full above, as printed by India Code, with its footnotes and amendment markers. Read the whole Act, or browse every Act on Mera Samvidhaan.