Property

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kailash jhalani (Querist)

23 July 2019 I was purchased a property on 30.9.2004 on an agreement . N payment made through cheque 300000 10.05.2004 on this date stamp duty value 300000.
After that i registered this property on 12/07/2019 dlc value on that date is 1300000 on this transaction sec 269st Nd sec 56 apply or not also effect of tax implications

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

24 July 2019 Sec 269st and sec 56 not apply on this transaction as payment made through bank and no difference in stamp duty value on the date of agreement.
It should be noted that, that where the date of the agreement fixing the amount of consideration for the transfer of immovable property and the date of registration are not the same, the stamp duty value on the date of the agreement may be taken for the purposes provided that the the amount of consideration for the said immovable property , or a part thereof, has been paid by any mode other than cash on or before the date of the agreement for the transfer of such immovable property.

kailash jhalani

kailash jhalani (Querist)

24 July 2019 Bt in this case we paid consideration after agreement date thn stamp duty value will be considered on agreement date or registry date?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

24 July 2019 See the query it's paid before agreement date.

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