section 50C
This query is : Resolved
23 September 2008
The Ld. AO wants to take the recourse of Section 50C of the ACT in case of sale of flat (Long term)?
Is it binding on the assessee?
Suggest the remedial measures.
Is it binding on the assessee?
Suggest the remedial measures.
23 September 2008
The assessee has the right to claim if the market value is lower and the AO may refer to valuation officer as provided in subsection (2).
23 September 2008
The assessee has the right to claim if the market value is lower and the AO may refer to valuation officer as provided in subsection (2).
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