section 50c
This query is : Resolved
27 May 2009
sale consideration 400000
cost of acquisition 100000
stamp value 500000
amount invested 400000
how much amount is exempted (amount invested out of gain)?
cost of acquisition 100000
stamp value 500000
amount invested 400000
how much amount is exempted (amount invested out of gain)?
CA. Aryendra
(Expert)
27 May 2009
Amount Rs. 4,00,000.00 is considered for exemption.
Do not confused with Section 50 C and provisions related to exemption of amount
Do not confused with Section 50 C and provisions related to exemption of amount
CA.Tarun Maheshwari
(Expert)
27 May 2009
Agree with the expert.
CA Nitin Wadhwani
(Expert)
27 May 2009
But ultimately full value of consideration will be taken as 5 lacs only.
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