50c

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 June 2013 sir/madam
one of my Relative want to buy a land area10acre .but seller want to sell it at less than stamp duty. my relative has a partnership firm and has real estate business. even if he acquire less than stamp duty value can he sell at lesser value than stamp duty if not how should he adjust the profit as its a huge amount. please clarify

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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30 June 2013 The land owner should be advised to accept the minimum stipulation at stamp duty valuation.
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Consider the prospects of selling the land after its development.
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However, it is not possible now to sell below the stamp valuation for the firm engaged in estate business due to Section 43CA.
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Querist : Anonymous

Querist : Anonymous (Querist)

02 July 2013 THANKS SIR

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