Amount of sale consideration to workout capital gain.
This query is : Resolved
11 March 2017
As per sec.50C which amount is to be taken as sale consideration for computing capital gain. Fair market value adopted by stamping authority or the value written on the sale deed which is actually received by the assessee. Is sec 50C is a presumptive provision. please explain.
11 March 2017
Section 50C is deeming fiction according to which sale consideration shall be equal to the stamp duty value adopted by the registrar. This is mentioned in sale deed as section 54 value. this value only is required to be taken as sale consideration.
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