Section 50D: Fair market value deemed to be full value of consideration in certain cases

The Income-tax Act, 1961Central Act · Act 43 of 1961

Repealed. This text is published for reference. It is not in force, and it should not be relied on as current law without checking what replaced it. Repealed by the Income-tax Act, 2025, with effect from 1 April 2026

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

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.

Where this provision sits

Act	The Income-tax Act, 1961
Section	50D
Marginal note	Fair market value deemed to be full value of consideration in certain cases
Jurisdiction	Central
Status	Repealed

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