Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 June 2012
If Agreement value of the property is Rs 650000/- & Market value is Rs 850000/- then at the time calculating capital gain which amt should be taken as sale value???
please answer.
please answer.
04 June 2012
Take agreement value as its beneficial to you also
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04 June 2012
Section 55A -With a view to ascertaining the fair market value of a capital asset Assessing Officer may refer the valuation of capital asset to a Valuation Officer if in his openion-
(i) the fair market value of the asset exceeds the value of the asset as claimed by the assessee by more than 15% of the value of the asset as so claimed or by more than Rs. 25000, or
(ii) that having regard to the nature of the asset and other relevant circumstances, it is necessary so to do,then he may apply the fair Mkt valur as fair value.
(i) the fair market value of the asset exceeds the value of the asset as claimed by the assessee by more than 15% of the value of the asset as so claimed or by more than Rs. 25000, or
(ii) that having regard to the nature of the asset and other relevant circumstances, it is necessary so to do,then he may apply the fair Mkt valur as fair value.
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