850/CBDT.

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..... ation for transfer of any capital asset is determined or fixed by the Central Government or the Reserve Bank of India, such consideration shall be taken to be the market value of the asset on the date of its transfer, for the purposes of Section 52(2) of the Income-tax Act, 1961 and Section 4(1) (a) of the Gift-tax Act, 1958. 2. A question has been raised whether the provision of Chapter XXA of .....

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..... be applied to cases of transfer of property to the Government or to the case where the full value of the consideration for the transfer is determined or approved by the Central Government or the Reserve Bank of India. - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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