Stamp duty query
This query is : Resolved
11 July 2014
as per capital gain provisions,we can not sale proprty below stamp duty value....
what in case of business as land held as stock....
land held as stock should be sale at below stamp duty value ?
50c will apply here or not ?
what in case of business as land held as stock....
land held as stock should be sale at below stamp duty value ?
50c will apply here or not ?
11 July 2014
dear jain,
pls refer to sec 43 CA applicable from A>Y 2014-15, if any land and building even held as stock in trade is sold at a price lesser than stamp value price , then stamp value price shall be deemed to be full value of consideration. hence sec 50 c is applicable.
pls refer to sec 43 CA applicable from A>Y 2014-15, if any land and building even held as stock in trade is sold at a price lesser than stamp value price , then stamp value price shall be deemed to be full value of consideration. hence sec 50 c is applicable.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- Booth for sales promotion
- Regarding ITR filing with more value than showing in AIS/TIS
- F & O PROFIT REPORTING FOR AY 2026-27
- Rental income of jointly held property
- NRI INSURANCE ADVISOR
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
