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Capital gains sec 50C

Direct Taxation

In the attachment in (ii) of the problem where the sales agreement is entered into on a date different from date of registeration, a part of sales consideration is received on or before so the SDV as on the date of agreement is to be taken as sales consideration, the doubt come here since the sales consideration(400Lacs) is not < 105% of the SDV(420lacs) as on the date of agreement Can the actual sale consideration be taken as sale consideration?

Venkatesh Rathinam

CA Final

★ 15K+

17-May-20 03:23

442

Answers (3)

Best Answer

Yes

KEERTHI PRIYA

CA Inter

★ 695

20-May-20 19:53

If stamp duty not exceeded 105% of Sale vale of consideration then FVOC= Actual Sale value Here, SDV =Rs. 420 lakhs which not exceeded 105% of sale value of Rs .420 lakhs So FVOC=Rs .420 lakhs

KEERTHI PRIYA

CA Inter

★ 695

17-May-20 18:42

400 lakh should be taken as sale consideration rigjt because it doesnt exceed 105% of the SDV

Thread Starter

Venkatesh Rathinam

CA Final

★ 15K+

20-May-20 19:26