Menu
Capital gains
how to calculate consideration on agreement of sale of immovable property
Replies (2)
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
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.
(Before amendment it was 5%)
(Before amendment it was 5%)
Recent Threads
- UNCLAIMED TDS REFUND QUERY
- Rcm payable which head
- Query of GST
- Long Term Capitalgains on sale of residential prop
- How Salaried Individuals Can Reduce Capital Gains
- NSTPI registration
- GST PAID IN DELHI
- How to Trade Forex in India?
- TDS - requirement of TDS by individual under presu
- Normal Register in GST in delhi in gujarat no rece
Related Threads
CAclubindia
