Applicability of 43ca
This query is : Resolved
Prateek Tiwari
(Querist)
11 September 2014
Please help me out from this query.
If both cash & cheque payment is received by builder on or before agreement date, what will be the applicability u/s.43CA.
Can we take agreement value as sale consideration?
If yes, Do we have to mention it in Audit Report?
If both cash & cheque payment is received by builder on or before agreement date, what will be the applicability u/s.43CA.
Can we take agreement value as sale consideration?
If yes, Do we have to mention it in Audit Report?
12 September 2014
According to section 43CA if part or full payment of consideration is made in other than cash on or before the date of agreement then the stamp duty value as on the date of the agreement shall be taken as the full value of sale consideration. In your case you can not take agreement value but stamp duty determined by registrar as on the date of agreement will be the full value of consideration.
Prateek Tiwari
(Querist)
13 September 2014
What if payment is made in both cash & cheque .
14 September 2014
Only a part payment in cheque will do.
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