Section 50C
This query is : Resolved
CA Jonu Jain
(Querist)
20 March 2008
Whether Section 50C would apply to gift (transfer for nil consideration) of an immovable property by an individual?
CA Hemant T Dewani
(Expert)
20 March 2008
sec 80C is applicble when you sold the property below the stamp duty valuation here you give gift to others there is transferred without consideration,then 80c is not applicable
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