Full value of Consideration

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..... , any gains arising on account of appreciation of rupee against a foreign company at the time of redemption of rupee denominated bond of an Indian company subscribed by him, shall be ignored for the purposes of computation of full value of consideration u/s 48 . [Fifth proviso to Sec 48 ] CASES WHEN FULL VALUE OF CONSIDERATION IS DETERMINED ON DEEMED BASIS: Section Situations The amount which is t .....

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..... 1A) Money or other asset received under any insurance from an insurer due to damage or destruction of a capital asset Value of money or the fair market value of the asset on the date of receipt 45(2) Conversion of capital asset into stock in trade Fair market value of the capital asset on the date of conversion 45(3) Transfer of capital asset by a partner/ member to the firm/ AOP/ BOI as his capit .....

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..... dend u/s 2(22)(e) Note: Adequacy or Inadequacy of Consideration is not a relevant factor for the purpose of determining the full value of consideration. It does not make any difference whether full value of consideration is received in totality or, in installments during the previous year, since in both cases full value of consideration due will be taken for the purpose of calculation of computing .....

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