Capital gain
This query is : Open
01 November 2015
An agreement dated 31/03/2013 was made for Rs.2400000 at stamp valuation rate , for sale of land by giving advance and final payment on clearance of a civil case on that land.
now on current date 01/11/2015 the purchaser wants to get the land registered but now as per stamp valuation property values at Rs.7000000.
what will be the date of sale of property an d what will be the sales consideration?
its urgent please
now on current date 01/11/2015 the purchaser wants to get the land registered but now as per stamp valuation property values at Rs.7000000.
what will be the date of sale of property an d what will be the sales consideration?
its urgent please
02 November 2015
Its 01/11/2015 as its the date of on which deed is registered
03 November 2015
Section 50C would be Applicable and the Full Value of Conideration would be Value adopted for Stamp duty purposes
03 November 2015
thanks but both values mentioned in the query are as per stamp duty valuation for the respective period.
12-13 Rs.2400000
15-16 Rs.7000000
agreement to sell was made on 12-13 for Rs.2400000 but possesion was given on 15-16
please reply
12-13 Rs.2400000
15-16 Rs.7000000
agreement to sell was made on 12-13 for Rs.2400000 but possesion was given on 15-16
please reply
03 November 2015
It would be RS. 70,00,000 i.e. on the date of actual agreement
03 November 2015
but we received only 2400000 and this was the circle rate on the date of agreement to sell
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