Section 50D of the Income Tax Act 1961 prescribes provisions for calculation of capital gains in a case where the consideration received as a result of transfer of a capital asset is not determinable or can not be ascertained.
In such a case the fair market value (FMV) of such capital asset as on the date of its transfer shall be deemed to be the full value of consideration as a result of transfer of such asset for the purposes of calculation of capital gains as per section 48.
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