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Bantwal Nithin Baliga

Latest Posts by Bantwal Nithin Baliga

Implication of Transfer of Unquoated Shares for a consideration lower than Fair Market Value

October 15, 2022 35370 Views 0 comment Print

Transaction of sale of Unquoted equity shares will result in double taxability of difference between the FMV and transaction Value once in the hands of the Seller under Section 50CA under the Head Capital gain and again in the hands of the Buyer under Section 56(2) (x) under the head Income from Other Sources

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