Hi All.
My client is in business of Builders & Developers.The query is as under
Date of Booking 01/10/2011
Agreement value of sale as on that date (i.e. 01/10/2011) (unregistered) - 1500000.
Stamp duty value as on that date (i.e. 01/10/2011) as per government value - 2100000.
Agreement registered on 31/10/2013
Agreement value of sale(registered) - 1500000
Stamp duty value on registration date - 2500000
Is there any implication u/s 43CA? If yes what the amount to be charged under this section?
What is the effect on Books Of Accounts?
Your reply will be appreciated
Thankyou
CAclubindia
