Sec 50 c

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
11 May 2015 How to deal with cases where the Sale Value was less than the Stamp duty value. How could it be justifiable to ask the assesse to pay tax for the amount he did not received ( i.e difference of stamp duty value less Sale value ).Are there any Cases dealt with the same.
Profile Image

CS Advocate Abhishek Goyal

Profile Image

CS Advocate Abhishek Goyal (Expert)
11 May 2015 Provisions of section 50C are very clear in this regard. Only way is to dispute the value adopted by stamp valuation authority on the confidence that the value adopted was unreasonably high than the market value.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
11 May 2015 Disputing the stamp duty value might be the option. But, here the transaction was finished with out raising any objection on SDV, as he was in in the necessity then. Now, reffering to Valuationer would be the option. But, the ITD Valuationer will never give report for lower value than Stamp duty value. In fact, he'll go for higher value than that.
What to do. Please advice.
Profile Image

Nikhil Kaushik

Profile Image

Nikhil Kaushik (Expert)
16 May 2015 nothing to do friend...the law stand as it is. sometimes an innocent bears the burnt of laws devised to check on unscrupulous elements
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details