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.
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