As per 50C of income tax act. Stamp duty value on the date of agreement will be taken as sale consideration only if part of the consideration is received by way of account payee cheque or account payee bank draft or ECS
As per amended provision, from 1-4-2020 if the reockner Vale is above upto 10% of agreement value then agreement value is acceptable under 50C and no extra tax liability in the hands of buyer and seller.
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