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sale of shares

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(Querist)
25 December 2010 when the shares are sold at less than the market price and also book price then what will bethe capital gain? and will incometax accept the above type of sale?
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CA. R. B. SAH

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CA. R. B. SAH (Expert)
25 December 2010 if share is listed then actual transfer price shall be considered.

Id share is unlisted then fair market value shall be considered.

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