capital gains of Income tax
we are selling a joint property land (litigated property) its stamp duty value is 90 lakh and we are selling it at 32 lakhs bcoz of lot of litigations and no proper title,
so does it attracts 50C ?
what if the buyer is a Real estate partnership firm. Do they attract
56 (2)(x) for the difference amount (90L-32L)
Please clarify.
CAclubindia
