Deed value
This query is : Resolved
NASEEM A. KHAN
(Querist)
26 August 2015
Dear Sir
Legal Value of land is 420000.00 and
Actual Value paid by purchaser is 160000.00
Which value will take in computation???
Legal Value of land is 420000.00 and
Actual Value paid by purchaser is 160000.00
Which value will take in computation???
Amol S Joglekar
(Expert)
26 August 2015
For Income Tax...sec 50C comes into play for land or building or both.
The Circle value or Ready recknor value (I think you are calling it as legal value) or actual value which ever is higher shall be taken for computation
The Circle value or Ready recknor value (I think you are calling it as legal value) or actual value which ever is higher shall be taken for computation
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
