Kindly advise on latest change in percentage variation in Sale consideration in comparison to stamp duty value as per Section 50C, as we know, upto AY 2019-20 it was 5%.
I have been told that wef AY 2021-22 the percentage Variation has been increased to 10%.
Thanks.
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50C - Percentage variation allowed in Sale consideration Vs. Stamp Duty Value
Replies (2)
No, there is no such amendment. it is still 105%
As during this covid period, market Value is much below circle rate, what type of document is advised to avoid conflict with provisions of Section 50C.
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