Sale of property by builders
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 June 2014
a client had made an registered agreement with his customer in 2012 but the property was not registered and now the customer wants the property to be registered but due to increase in circle rate the value of the property has increased.Now the question arises that on what amount will the builder has to pay tax, on old value or new value ?
14 June 2014
sec 50C is applicable and value adopted by stamp valuation authoirty for the prupose pf payment of stamp duty shall be applicable.
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
- ITR-3 - How to show loss in 65(i) - (iii) under under Part A - P & L section and sub section 65?
- Refund of Rs.4,00,000/- pursuant to Appeal Order – Deceased Proprietor & Closed Bank Account
- Filling ITR for FY 2024-25
- EXEMPTION OF LONG TERM GAIN UNDER SECTION 54F
- TAX TREATMENT OF COMMODITY
- GST Registration DELHI MUMBAI
- MISMATCH AMONG GROSS TURNOVER AIS. ACTUAL SHOWING GST PORTAL AND GENIUS FROM GST PORTAL
- Incidence of Tax - TDA
- Issuance of authorised capital by pvt ltd co
- SALE SHOWS ACCORDING SERVICE PROVIDE BUT SERVICE RECEIVER (GOVT. DEP) SHOWS SALES IN 26Q DIFF YR
- Experienced CA recommendation from Kolkata for FNO return filing
- Sales of goods of amount Rs77 lakhs to a party
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
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
