Section 50D:
Fair market value deemed to be full value of consideration in certain cases.
1Where 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.
Notes:
1. Ins. by Act 23 of 2012, s. 17 (w.e.f. 1-4-2013).