Capital gains

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 February 2015 sir,the assessee has got sales consideration interms of his land two years before Rs 10 lakhs without executing the sale deed. Now this year he wants to execute the sale deed for 10 lakhs only. is it possible to do the same ignoring municipal current values,capital gain tax how to compute ifso on which amount?

Amol S Joglekar

Amol S Joglekar (Expert)
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11 February 2015 the agreement may be executed at 10lakh, but the stamp duty shall be levied as per the Govt valuation as on the date of registration of agreement.

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