For appeal
This query is : Resolved
10 January 2012
I want to file appeal against order pass by AO u/s 50c of Income Tax Act 1961.
Fact of Case:-
I had Sold a Property of Rs.22,00,000/- but Value determined by AO as per municipal Valn of Rs 64,00,000/- but AO Taxed as CG u/s 50c
help me for Appeal proceeding.
Fact of Case:-
I had Sold a Property of Rs.22,00,000/- but Value determined by AO as per municipal Valn of Rs 64,00,000/- but AO Taxed as CG u/s 50c
help me for Appeal proceeding.
11 January 2012
UNDER 50C OF INCOME TAX ACT, SALE CONSIDERATION FOR A PROPERTY SHALL BE THE VALUE WHICH IS TAKEN FOR PAYMENT OF STAMP DUTY. AO IS CORRECT WHEN MUNICIPAL VALUE IS THE VALUE ADOPTED FOR STAMP DUTY PAYMENT
19 May 2012
can we file appeal regarding to approch valuation office.???????
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
- About TDS & Income Tax
- Under construction property in ITR
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Building tax payment deduction in rental Income
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- F & O PROFIT REPORTING FOR AY 2026-27
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
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
