Transfer of property for less than stamp duty value - Some implications

FCS Deepak Pratap Singh , Last updated: 05 January 2022  
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INCOME TAX QUESTIONS ANSWERS SERIES XXX Sections Involved: 43CA, 50C 56(2)(x) of Income Tax Act, 1961. Sale /Transfer of land or building on consideration less than Stamp Duty Value. QUESTION: Mr. Hari, a property dealer, sold a building in the course of his business to his friend,Mr. Rajesh

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Published by

FCS Deepak Pratap Singh
(Associate Vice President - Secretarial & Compliance (SBI General Insurance Co. Ltd.))
Category Income Tax   Report

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