Section 43 ca and section 56(2)(vii)(b)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 June 2013
Dear Sirs,
In case of exchange of Land then provisions of Section 43 CA and Section 56(2)(vii)(b).
Thanks.
In case of exchange of Land then provisions of Section 43 CA and Section 56(2)(vii)(b).
Thanks.
16 June 2013
43CA is applicable only when the land is not a Capital Asset. If Land is a capital asset Section 50C will be applicable.
.
Section 56(2)(vii)will be applicable if the Stamp valuation of the two properties differs by Rs. 50000/-.
.
.
Section 56(2)(vii)will be applicable if the Stamp valuation of the two properties differs by Rs. 50000/-.
.
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