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Sec 50 C
Direct Taxation
W.K.T,...... As per 1st and 2nd proviso to sec 50C, If date of agreement of transfer and actual date of transfer is different, Full value of consideration=Stamp duty value as on date of agreement provided part of consideration is paid as advance..... My doubt is, what will be full value of consideration if Sale consideration agreed is greater than Stamp duty value? Please clear my doubt.. thanks
Answers (6)
CA Suraj Lakhotia Admin
Actual sale consoderation
Actually why I asked was, in the video (Video no 43 of capital gains), Sir explained this concept with an example. In that example, sale consideration was greater than that of stamp duty value as on the date of agreement. That's why I asked this doubt. As per ur answer, I think that there may be a mistake in that video. Please clarify if the video is correct. Thank you
CA Suraj Lakhotia Admin
Actual sale consoderation
Actually why I asked was, in the video (Video no 43 of capital gains), Sir explained this concept with an example. In that example, sale consideration was greater than that of stamp duty value as on the date of agreement. But he told that Full value of consideration in that example was Stamp duty value (as on date of agreement). That's why I asked this doubt. As per ur answer, I think that there may be a mistake in that video. Please clarify if the video is correct. Thank you
Thread Starter
ALDRIN GActually why I asked was, in the video (Video no 43 of capital gains), Sir explained this concept with an example. In that example, sale consideration was greater than that of stamp duty value as on the date of agreement. But he told that Full value of consideration in that example was Stamp duty value (as on date of agreement). That's why I asked this doubt. As per ur answer, I think that there may be a mistake in that video. Please clarify if the video is correct. Thank you
If stamp duty does not exceed 110 percent of Actual sales consideration, we have to take stamp duty only. If it is in excess of 110 percent then take actual sales consideration
Himanshu Somani
Looks like sir you've written the opposite:)
Thank you for the correction Himanshu Somani. If stamp duty value is greater than 110 percent of the consideration received, deemed consideration is the stamp duty value.
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