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TypeBare Act JurisdictionCentral Government

Finance Act, 2012, (Central) Section 17

Insertion of New Section 50d

~1 min read
https://sooperkanoon.com/act/63655

Bare act section · Research

About this section

Finance Act, 2012, (Central) Section 17 is part of Finance Act, 2012, (Central) - Insertion of New Section 50d. Read the section text below and explore Indian court judgments that cite it.

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Section Text

After section 50C of the Income-tax Act, the following section shall be inserted with effect from the 1st day of April, 2013, namely:--

"50D. Fair market value deemed to be full value of consideration in certain cases.--Where 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.".

Frequently asked questions

What does Finance Act, 2012, (Central) Section 17 provide?

Section Section 17 of the Finance Act, 2012, (Central) (Insertion of New Section 50d) is reproduced on this page as part of the Finance Act, 2012, (Central). Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Finance Act, 2012, (Central) Section 17?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act, 2012, (Central) Section 17. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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