case laws on section 50C

for income tax purpose you have to take sale consideration as 2lakh only unless otherwise you challenge the value decided in Stamp valuation.

Dear Sukanya,

I assue Transfer Value Rs. 100000/ and Valuation as per Stam Authority Rs. 200000/-.

In above case Full value of consideration for section 48 shall be Rs. 200k.

Thanks

HI ,

As per sec 50c the full value of comsideration cannot be less than the value determined as per stamp duty valuation , in case if it happens then the sale value for Computing CG would be that Stamp Duty Valuation .