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Section 50C

This query is : Resolved 
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(Querist)
20 March 2008 Whether Section 50C would apply to gift (transfer for nil consideration) of an immovable property by an individual?
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CA Hemant T Dewani

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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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