Section-80: Fair market value deemed to be full value of consideration in certain cases.

Section-80 : Fair market value deemed to be full value of consideration in certain cases.

Section-80 provides for the fair market value shall be deemed to the full value of consideration as a result of transfer of a capital asset by an assessee where the consideration is not ascertainable or cannot be determined. Learn to understand the section-80 as it is, it's help and useful links to follow.

Here onwards, "Act" refers to "Income Tax Act 2025"

1. Section-80 as per act

If the consideration received or accruing from the transfer of a capital asset is not ascertainable or is unable to be determined, its fair market value on the date of transfer shall be deemed as the full value of consideration received or accruing as a result of the transfer for the purposes of computing income under the head "Capital gains"