11 February 2011
if A sold to B one flat for 10 lac and Stamp duty value is 15 Lac and the same was acquired by A for 2.5 lac 2 yrs back then B had sold the same flat after 6 mth for 20 lac then in case of B what shall by the COA
11 February 2011
sir but sec 56(1)(vii) does not speak about inadequate consideration it only speak about without consideration then hw can 5 lac be treated as income from other sources
CAclubindia
