banner_ad

Section 50c

This query is : Open 
Avatar

Querist : Anonymous

Profile Image
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?
Profile Image

Kaushik Joshi

Profile Image

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

Kaushik Joshi

Profile Image

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

Querist : Anonymous

Profile Image
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.
Profile Image

Kaushik Joshi

Profile Image

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


banner

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
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details