Sec.43ca if i t act
This query is : Resolved
23 October 2013
R/sirs,
What is effective date of Sec.43CA.
01-04-2013 or 01-04-2014 ??
My client purchase land of Rs.800000/- but stamp duty value is Rs.1000000/-.
Can Purchse tax payable on rs.200000/- in Ay 2014-15???
What is effective date of Sec.43CA.
01-04-2013 or 01-04-2014 ??
My client purchase land of Rs.800000/- but stamp duty value is Rs.1000000/-.
Can Purchse tax payable on rs.200000/- in Ay 2014-15???
23 October 2013
Section applies from 1.4.2014. Your client has to pay stamp duty for Rs. 2,00,000/- as well.
Similarly, vendor has to calculate profit on Rs. 10,00,000/- for the purpose of Income tax payment.
Similarly, vendor has to calculate profit on Rs. 10,00,000/- for the purpose of Income tax payment.
24 October 2013
Thank u sir..
Ur Sugession is absolutely right.
I think this transaction cover u/s 50C.
Thanx..
Ur Sugession is absolutely right.
I think this transaction cover u/s 50C.
Thanx..
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
- Multiple payment of self assessment tax for A Y 2025-2026
- CAPITAL GAIN REDEVELOPED FLAT
- CLOSING STOCK QUERY
- REGARDING ITR FILING QUESTION
- Requirement under FEMA &RBI
- Short Term Gain Reporting ITR
- DUE DATE FOR ITR FILING
- Query regarding Item 61/62/63 vs Item 64 in ITR-3
- Sale of Mutual Funds In Diffirent Financial Years
- Missed TDS
- WHERE I SHOW GST 0% INVOICE IN GSTR1 (EITHER TABLE 7 OR TABLE 8)
- 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
- CPC and SAC
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
