Dear Sir / Madam,
An agreement for sale of Land was made in FY 16-17 on Rs 500 stamp paper but the same was not registered also the amount was not received.
Now the both parties are ready to register the same and receive the consideration. As the property is getting registered today Stamp value is to be paid as on todays valuation.
My query is what shall be date of transfer? And can we consider FY 16-17 sale prices as full value consideration or section 50C shall apply considering (todays) stamp valuation at the time of registration?
CAclubindia
