13 April 2022
if shares of unlisted co. are transfered then full value of consideration for transferor will be Fmv or actual consideration whichever is higher as per sec 50CA. Again if shares are received for inadequate consideration then 56 (2 )(X ) apply for trasferee & taxed under income from other source. Means it is a double taxation for same transaction ????
CAclubindia
