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Transfer of land to get a share in company

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(Querist)
01 January 2014 Dear,
If land has been transfer by a person to get shares in company then what will be full value of consideration.


Regards
Subhash Jha
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
01 January 2014 provisions of section 50C would apply and the full value of consideration would be at the transfer price or market value for stamp duty purpose whichever is higher.
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