Section 50c

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

26 April 2016 Dear Experts,
In case of sale of a property, actual sale consideration agreed upon is more than the DLC value u/s 50C. Say DLC value is Rs. 60 Lakhs and agreed sale consideration is Rs. 80 Lakhs. Than in such a situation how capital gains will be calculated. What amount would be reckoned as sale proceeds for calculation of capital gains, Rs. 60 Lakhs or Rs. 80 Lakhs? And also whether sale deed can mention actual sale consideration i.e. Rs. 80 Lakhs?

Kaushik Joshi

Kaushik Joshi (Expert)
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26 April 2016 Dear Anonymous, The registration of sale deed at the registrar States two values... 1. The ready recknor value

Kaushik Joshi

Kaushik Joshi (Expert)
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26 April 2016 and the value at which sale is done. kindly explain what you mean by dlc

Querist : Anonymous

Querist : Anonymous (Querist)

27 April 2016 By DLC I mean the guideline value or circle value i.e. the value adopted by registrar for stamp duty purpose.

Kaushik Joshi

Kaushik Joshi (Expert)
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27 April 2016 Higher of the two shall be considered as sale value for calculation of capital gain.

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